Meitav Investment House Ltd. purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 410,000 shares of the aerospace company's stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned approximately 4.60% of TAT Technologies as of its most recent SEC filing.
TAT Technologies Price Performance
NASDAQ TATT traded up $0.51 during trading on Friday, hitting $11.97. 1,681 shares of the company's stock were exchanged, compared to its average volume of 14,200. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The company has a market cap of $120.93 million, a PE ratio of 23.94 and a beta of 0.82. TAT Technologies Ltd. has a fifty-two week low of $5.35 and a fifty-two week high of $13.75. The stock's 50 day moving average price is $12.30 and its two-hundred day moving average price is $10.53.
TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its earnings results on Wednesday, March 6th. The aerospace company reported $0.04 EPS for the quarter. The firm had revenue of $31.84 million during the quarter. TAT Technologies had a return on equity of 5.75% and a net margin of 4.11%.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on TAT Technologies in a research note on Thursday, January 4th. They set a "buy" rating for the company.
Get Our Latest Stock Report on TAT Technologies
TAT Technologies Profile
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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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