Wall Street Zen downgraded shares of TAT Technologies (NASDAQ:TATT - Free Report) from a buy rating to a hold rating in a research note published on Friday morning.
A number of other equities research analysts also recently weighed in on TATT. Truist Financial assumed coverage on shares of TAT Technologies in a research note on Wednesday, June 4th. They set a "buy" rating and a $35.00 price target on the stock. Benchmark lifted their target price on shares of TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd.
Check Out Our Latest Stock Analysis on TATT
TAT Technologies Stock Performance
Shares of NASDAQ TATT traded down $0.69 during mid-day trading on Friday, hitting $26.51. The company had a trading volume of 155,191 shares, compared to its average volume of 65,352. TAT Technologies has a 12 month low of $12.61 and a 12 month high of $36.49. The firm has a market cap of $333.10 million, a P/E ratio of 35.82 and a beta of 0.69. The business's 50-day simple moving average is $29.22 and its 200-day simple moving average is $27.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.
TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $42.14 million during the quarter, compared to the consensus estimate of $41.70 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.
Hedge Funds Weigh In On TAT Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus Fund Advisers LLC bought a new stake in TAT Technologies in the fourth quarter valued at $29,000. Virtus Advisers LLC acquired a new stake in shares of TAT Technologies in the 1st quarter valued at $45,000. IFP Advisors Inc bought a new stake in shares of TAT Technologies in the 4th quarter worth about $50,000. Catalyst Capital Advisors LLC bought a new stake in shares of TAT Technologies in the 1st quarter worth about $63,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of TAT Technologies during the 4th quarter worth about $103,000. Institutional investors own 15.13% of the company's stock.
About TAT Technologies
(
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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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