Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Declines By 14.8%

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 10,900 shares, a decline of 14.8% from the May 31st total of 12,800 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s stock are short sold.

TAT Technologies Price Performance

TATT stock opened at $14.90 on Monday. The company has a market capitalization of $150.49 million, a PE ratio of 24.03 and a beta of 0.89. The company has a quick ratio of 1.11, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $13.69 and its two-hundred day moving average is $12.41. TAT Technologies has a 52-week low of $6.99 and a 52-week high of $16.24.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 earnings per share for the quarter. TAT Technologies had a net margin of 4.99% and a return on equity of 7.17%. The company had revenue of $34.09 million during the quarter.

Institutional Trading of TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Meitav Investment House Ltd. purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 quarter. Institutional investors own 15.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on TAT Technologies in a research note on Monday. They set a “buy” rating for the company.

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.