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

by · The Cerbat Gem

TAT Technologies (NASDAQ:TATT – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

TAT Technologies Stock Down 0.2 %

NASDAQ TATT traded down $0.04 during trading hours on Friday, hitting $18.15. The company’s stock had a trading volume of 5,159 shares, compared to its average volume of 12,614. TAT Technologies has a 52 week low of $6.99 and a 52 week high of $18.90. The company has a market capitalization of $183.37 million, a PE ratio of 29.27 and a beta of 0.88. The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $16.73 and its two-hundred day simple moving average is $14.66.

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

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the 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 about 0.87% of TAT Technologies as of its most recent SEC filing. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Company Profile

(Get Free Report)

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.

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