StockNews.com Lowers TAT Technologies (NASDAQ:TATT) to Hold

StockNews.com cut shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a research note published on Friday.

TAT Technologies Price Performance

Shares of TAT Technologies stock opened at $18.20 on Friday. TAT Technologies has a twelve month low of $6.99 and a twelve month high of $18.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 2.60. The firm has a market cap of $183.87 million, a P/E ratio of 29.35 and a beta of 0.88. The firm’s 50-day simple moving average is $16.73 and its 200-day simple moving average is $14.70.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The business had revenue of $36.53 million for the quarter. TAT Technologies had a net margin of 5.49% and a return on equity of 8.09%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies at the end of the most recent quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.