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

StockNews.com lowered shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a research report sent to investors on Friday.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $18.75 on Friday. TAT Technologies has a 1-year low of $6.99 and a 1-year high of $19.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.60 and a quick ratio of 1.09. The business’s fifty day moving average price is $16.83 and its two-hundred day moving average price is $14.75. The firm has a market capitalization of $189.43 million, a PE ratio of 30.24 and a beta of 0.88.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned 0.87% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 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.