Shares of TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) passed 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 traded.
Analyst Ratings Changes
Several brokerages have recently commented on TATT. Benchmark raised their price target on TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. StockNews.com downgraded shares of TAT Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday.
Check Out Our Latest Analysis on TAT Technologies
TAT Technologies Stock Down 1.6%
The business's 50 day moving average is $28.07 and its 200 day moving average is $26.34. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The company has a market cap of $378.96 million, a P/E ratio of 46.81 and a beta of 0.72.
TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The firm had revenue of $38.00 million during the quarter, compared to analysts' expectations of $38.00 million.
Institutional Trading of TAT Technologies
Institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in TAT Technologies during the fourth quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new stake in shares of TAT Technologies during the 1st quarter valued at $45,000. IFP Advisors Inc acquired a new stake in shares of TAT Technologies in the 4th quarter worth $50,000. Catalyst Capital Advisors LLC acquired a new stake in shares of TAT Technologies in the 1st quarter worth $63,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in TAT Technologies during the 4th quarter worth $103,000. 15.13% of the stock is currently owned by institutional investors.
TAT Technologies Company Profile
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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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