TAT Technologies (NASDAQ:TATT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.
Separately, Benchmark upped their price objective on shares of TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd.
Read Our Latest Stock Report on TATT
TAT Technologies Price Performance
NASDAQ:TATT traded up $0.89 during trading hours on Friday, hitting $31.22. The company's stock had a trading volume of 54,105 shares, compared to its average volume of 46,492. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 52-week low of $12.61 and a 52-week high of $36.49. The business's 50-day moving average is $28.98 and its two-hundred day moving average is $27.11. The company has a market capitalization of $341.55 million, a PE ratio of 42.19 and a beta of 0.72.
TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its earnings results 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 for 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%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of TAT Technologies by 125.8% in the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company's stock worth $889,000 after acquiring an additional 18,020 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of TAT Technologies during the 1st quarter valued at approximately $207,000. Cubist Systematic Strategies LLC bought a new position in TAT Technologies in the first quarter worth about $273,000. Virtus Advisers LLC acquired a new position in TAT Technologies in the first quarter valued at approximately $45,000. Finally, Walleye Capital LLC acquired a new position in shares of TAT Technologies during the first quarter valued at $228,000. Institutional investors and hedge funds own 15.13% of the company's stock.
About TAT Technologies
(
Get Free Report)
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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