StockNews.com Upgrades TAT Technologies (NASDAQ:TATT) to Buy

TAT Technologies (NASDAQ:TATT) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

TAT Technologies Trading Up 2.3 %

Shares of TATT opened at $22.23 on Friday. The stock has a fifty day moving average price of $18.69 and a two-hundred day moving average price of $16.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.09 and a current ratio of 3.04. TAT Technologies has a 52-week low of $9.08 and a 52-week high of $24.29. The company has a market cap of $224.59 million, a price-to-earnings ratio of 30.04 and a beta of 0.88.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The company had revenue of $36.53 million during the quarter. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd bought a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned about 0.87% of TAT Technologies as of its most recent SEC filing. 15.13% of the stock is currently owned by hedge funds and other 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.