TAT Technologies (NASDAQ:TATT) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research note released on Tuesday morning.

TAT Technologies Price Performance

TATT opened at $11.60 on Tuesday. The company has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $10.70. The firm has a market cap of $117.16 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. TAT Technologies has a twelve month low of $5.35 and a twelve month high of $13.75. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings results on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share for the quarter. The business had revenue of $31.84 million during the quarter. TAT Technologies had a net margin of 4.11% and a return on equity of 5.75%.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Meitav Investment House Ltd. acquired a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned approximately 4.60% of TAT Technologies at the end of the most recent reporting period. 15.13% of the stock is owned by institutional investors and hedge funds.

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.