TAT Technologies (NASDAQ:TATT) Releases Earnings Results, Beats Estimates By $0.03 EPS

TAT Technologies (NASDAQ:TATT) released its earnings results on Wednesday. The aerospace company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03, Zacks reports. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

TAT Technologies Price Performance

Shares of TAT Technologies stock traded up $0.21 during trading on Wednesday, reaching $25.90. The company’s stock had a trading volume of 57,359 shares, compared to its average volume of 51,122. TAT Technologies has a one year low of $10.61 and a one year high of $33.37. The stock has a 50-day moving average price of $27.66 and a two-hundred day moving average price of $23.46. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $283.35 million, a P/E ratio of 35.00 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TATT shares. StockNews.com cut TAT Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Benchmark started coverage on shares of TAT Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 target price on the stock.

About TAT Technologies

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.