TAT Technologies (NASDAQ:TATT) Lowered to “Hold” Rating by StockNews.com

TAT Technologies (NASDAQ:TATT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, Benchmark assumed coverage on shares of TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company.

TAT Technologies Trading Down 2.5 %

NASDAQ TATT traded down $0.65 during trading on Tuesday, reaching $25.44. 58,655 shares of the stock traded hands, compared to its average volume of 24,939. The firm has a market cap of $278.31 million, a price-to-earnings ratio of 34.38 and a beta of 0.99. The stock’s 50-day moving average price is $27.66 and its 200 day moving average price is $23.15. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. TAT Technologies has a fifty-two week low of $10.61 and a fifty-two week high of $33.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtus Fund Advisers LLC acquired a new position in shares of TAT Technologies in the fourth quarter valued at approximately $29,000. Jane Street Group LLC acquired a new position in shares of TAT Technologies in the fourth quarter valued at approximately $368,000. Marshall Wace LLP acquired a new position in shares of TAT Technologies in the fourth quarter valued at approximately $444,000. Wasatch Advisors LP acquired a new position in shares of TAT Technologies in the fourth quarter valued at approximately $4,349,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after buying an additional 11,799 shares during the period. Institutional investors and hedge funds 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.