TAT Technologies Ltd. (NASDAQ:TATT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in TAT Technologies Ltd. (NASDAQ:TATT) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,102 shares of the aerospace company’s stock after selling 4,100 shares during the quarter. Renaissance Technologies LLC owned 1.75% of TAT Technologies worth $2,639,000 as of its most recent SEC filing.

Separately, Y.D. More Investments Ltd acquired a new position in TAT Technologies in the second quarter worth $1,312,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Stock Performance

Shares of TATT stock opened at $17.21 on Wednesday. The company has a market cap of $173.87 million, a P/E ratio of 27.76 and a beta of 0.88. The business has a 50 day moving average of $15.82 and a two-hundred day moving average of $14.19. TAT Technologies Ltd. has a 52 week low of $6.99 and a 52 week high of $18.90. The company has a quick ratio of 1.09, a current ratio of 2.60 and a debt-to-equity ratio of 0.13.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter. TAT Technologies had a return on equity of 8.09% and a net margin of 5.49%. The business had revenue of $36.53 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th.

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.