TAT Technologies (NASDAQ:TATT) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• The stock price of TAT Technologies crossed above its 200-day moving average, with shares last trading at $35.88 compared to a 200-day average of $28.89.
• Multiple analysts have issued buy ratings for TAT Technologies, with target prices ranging from $35.00 to $37.00, reflecting positive market sentiment.
• The company reported $0.34 earnings per share for the last quarter, surpassing analyst expectations and indicating strong financial performance.

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.89 and traded as high as $36.00. TAT Technologies shares last traded at $35.88, with a volume of 49,349 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TATT. Wall Street Zen upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Truist Financial began coverage on shares of TAT Technologies in a research report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price target on the stock. Benchmark raised their price target on TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Finally, Lake Street Capital assumed coverage on shares of TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price target on the stock.

TAT Technologies Price Performance

The business has a 50 day moving average price of $30.13 and a 200-day moving average price of $29.06. The company has a market capitalization of $464.85 million, a price-to-earnings ratio of 31.63 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.12 and a current ratio of 2.87.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $42.14 million for the quarter, compared to the consensus estimate of $41.70 million. TAT Technologies had a net margin of 8.04% and a return on equity of 11.90%.

Hedge Funds Weigh In On TAT Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Calamos Advisors LLC purchased a new position in TAT Technologies in the 2nd quarter worth $228,000. Boston Partners bought a new stake in TAT Technologies in the second quarter valued at approximately $9,186,000. K.J. Harrison & Partners Inc purchased a new stake in TAT Technologies during the 2nd quarter valued at $1,374,000. Provident Co of the Employees of the Hebrew University LTD bought a new stake in shares of TAT Technologies in the second quarter worth about $764,000. Finally, Anthracite Investment Company Inc. grew its position in shares of TAT Technologies by 900.8% in the 2nd quarter. Anthracite Investment Company Inc. now owns 144,892 shares of the aerospace company's stock worth $4,425,000 after buying an additional 130,415 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company's stock.

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.