TAT Technologies (NASDAQ:TATT) Upgraded at StockNews.com

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research note issued to investors on Friday.

TAT Technologies Stock Up 2.3 %

TAT Technologies stock opened at $22.23 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.09 and a current ratio of 3.04. The firm has a market capitalization of $224.59 million, a price-to-earnings ratio of 30.04 and a beta of 0.88. TAT Technologies has a fifty-two week low of $9.08 and a fifty-two week high of $24.29. The stock’s fifty day moving average is $18.69 and its two-hundred day moving average is $16.12.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The company had revenue of $36.53 million for the quarter. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Institutional Trading of TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. lifted its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 969,062 shares of the aerospace company’s stock after acquiring an additional 559,062 shares during the period. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 as of its most recent SEC filing. 15.13% of the stock is currently owned by institutional investors.

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.