TAT Technologies Ltd. (NASDAQ:TATT) Sees Significant Drop in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,200 shares, a decline of 15.7% from the March 31st total of 12,100 shares. Based on an average trading volume of 86,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

TAT Technologies Stock Performance

NASDAQ TATT traded up $2.87 on Thursday, hitting $34.67. 117,139 shares of the company traded hands, compared to its average volume of 81,013. The business's 50 day moving average price is $27.13 and its 200-day moving average price is $25.71. TAT Technologies has a 52-week low of $12.42 and a 52-week high of $35.20. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $379.29 million, a price-to-earnings ratio of 46.85 and a beta of 0.72.

TAT Technologies (NASDAQ:TATT - Get Free Report) last released its earnings results on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The company had revenue of $38.00 million for the quarter, compared to analysts' expectations of $38.00 million.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Benchmark raised their target price on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. StockNews.com raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Saturday, April 26th.

Institutional Investors Weigh In On TAT Technologies

Hedge funds have recently made changes to their positions in the company. Virtus Fund Advisers LLC purchased a new stake in shares of TAT Technologies during the 4th quarter worth approximately $29,000. IFP Advisors Inc bought a new stake in shares of TAT Technologies in the 4th quarter worth about $50,000. Catalyst Capital Advisors LLC purchased a new stake in shares of TAT Technologies during the 1st quarter valued at about $63,000. Morgan Dempsey Capital Management LLC bought a new position in shares of TAT Technologies in the 4th quarter valued at about $103,000. Finally, JPMorgan Chase & Co. grew its position in TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock worth $253,000 after acquiring an additional 2,697 shares in the last quarter. 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.