TAT Technologies (NASDAQ:TATT) Downgraded by StockNews.com

by · The Cerbat Gem

StockNews.com lowered shares of TAT Technologies (NASDAQ:TATT – Free Report) from a buy rating to a hold rating in a research report released on Thursday.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $18.00 on Thursday. The firm has a market capitalization of $181.80 million, a PE ratio of 25.00 and a beta of 0.88. The company has a quick ratio of 1.09, a current ratio of 2.60 and a debt-to-equity ratio of 0.13. TAT Technologies has a 12-month low of $6.99 and a 12-month high of $18.90. The firm has a 50-day moving average price of $16.33 and a 200 day moving average price of $14.49.

TAT Technologies (NASDAQ:TATT – Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share 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 Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd bought a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 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 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.

Read More