TAT Technologies (NASDAQ:TATT) Lowered to "Hold" Rating by Wall Street Zen

TAT Technologies (NASDAQ:TATT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

Several other brokerages have also recently issued reports on TATT. Benchmark lifted their price objective on shares of TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Truist Financial began coverage on shares of TAT Technologies in a research note on Wednesday. They issued a "buy" rating and a $35.00 price target on the stock.

TAT Technologies Trading Up 2.6%

TAT Technologies stock traded up $0.70 during midday trading on Friday, reaching $27.20. The stock had a trading volume of 175,883 shares, compared to its average volume of 64,746. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a twelve month low of $12.61 and a twelve month high of $36.49. The stock has a market capitalization of $297.57 million, a PE ratio of 36.76 and a beta of 0.69. The stock's 50-day simple moving average is $29.24 and its 200 day simple moving average is $27.44.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The company had revenue of $42.14 million for the quarter, compared to the consensus estimate of $41.70 million.

Institutional Trading of TAT Technologies

Several hedge funds have recently modified their holdings of TATT. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies during the fourth quarter worth $29,000. Virtus Advisers LLC bought a new stake in shares of TAT Technologies during the 1st quarter worth approximately $45,000. IFP Advisors Inc acquired a new stake in TAT Technologies in the fourth quarter valued at $50,000. Catalyst Capital Advisors LLC bought a new position in TAT Technologies during the first quarter worth about $63,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in shares of TAT Technologies during the 4th quarter worth approximately $103,000. 15.13% of the stock is owned by institutional investors.

About TAT Technologies

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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