TAT Technologies (NASDAQ:TATT) Rating Lowered to “Hold” at StockNews.com

TAT Technologies (NASDAQ:TATT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, Benchmark initiated coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company.

TAT Technologies Stock Performance

Shares of TAT Technologies stock opened at $26.55 on Tuesday. The firm has a market cap of $290.46 million, a PE ratio of 35.88 and a beta of 0.99. The firm’s 50-day simple moving average is $27.70 and its 200-day simple moving average is $23.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 1 year low of $10.61 and a 1 year high of $33.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies in the fourth quarter valued at approximately $29,000. IFP Advisors Inc acquired a new stake in TAT Technologies during the fourth quarter valued at approximately $50,000. Morgan Dempsey Capital Management LLC acquired a new stake in TAT Technologies during the fourth quarter valued at approximately $103,000. JPMorgan Chase & Co. lifted its stake in TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 2,697 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in TAT Technologies during the fourth quarter valued at approximately $368,000. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Company Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.