TAT Technologies (NASDAQ:TATT) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.12 and traded as high as $32.92. TAT Technologies shares last traded at $32.18, with a volume of 176,326 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TATT. Benchmark boosted their target price on TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. StockNews.com downgraded TAT Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th.

TAT Technologies Trading Down 1.6%

The company has a 50 day simple moving average of $28.27 and a 200 day simple moving average of $26.56. 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 stock has a market capitalization of $378.96 million, a PE ratio of 46.81 and a beta of 0.72.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $38.00 million during the quarter, compared to the consensus estimate of $38.00 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

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in shares of TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after buying an additional 22,987 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after buying an additional 11,799 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock worth $253,000 after buying an additional 2,697 shares in the last quarter. Wasatch Advisors LP purchased a new position in shares of TAT Technologies during the 4th quarter worth approximately $4,349,000. Finally, IFP Advisors Inc purchased a new position in shares of TAT Technologies during the 4th quarter worth approximately $50,000. 15.13% of the stock is 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.