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

Key Points

• TAT Technologies recently saw its stock price surpass its 200-day moving average of $30.99, trading as high as $42.86 before closing at $42.44.
• Analyst ratings for TAT Technologies are generally positive, with a consensus rating of "Buy" and an average price target of $38.00.
• The company reported quarterly earnings of $0.30 EPS, exceeding analysts' expectations, though revenue fell short of consensus estimates at $43.10 million.

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.99 and traded as high as $42.86. TAT Technologies shares last traded at $42.44, with a volume of 230,043 shares.

Analyst Ratings Changes

TATT has been the subject of several analyst reports. Benchmark upped their price objective on TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Zacks Research upgraded TAT Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Stifel Nicolaus assumed coverage on TAT Technologies in a research report on Tuesday, September 16th. They issued a "buy" rating and a $44.00 price objective on the stock. Truist Financial assumed coverage on TAT Technologies in a research note on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Wall Street Zen raised TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, TAT Technologies has a consensus rating of "Buy" and an average price target of $38.00.

TAT Technologies Trading Up 2.8%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67. The stock's fifty day moving average is $35.67 and its 200 day moving average is $30.99. The stock has a market cap of $533.05 million, a P/E ratio of 34.79 and a beta of 0.78.

TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%. The firm had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 million.

Institutional Trading of TAT Technologies

Institutional investors have recently added to or reduced their stakes in the company. Virtus Advisers LLC bought a new stake in TAT Technologies in the first quarter worth about $45,000. Catalyst Capital Advisors LLC bought a new stake in TAT Technologies in the first quarter worth about $63,000. Osaic Holdings Inc. lifted its stake in TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock worth $166,000 after purchasing an additional 4,474 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in TAT Technologies in the first quarter worth about $207,000. Finally, Morgan Dempsey Capital Management LLC lifted its stake in TAT Technologies by 72.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company's stock worth $221,000 after purchasing an additional 3,050 shares during the last quarter. 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.

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