TAT Technologies (NASDAQ:TATT) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

TAT Technologies Ltd. (NASDAQ:TATT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.86 and traded as high as $18.85. TAT Technologies shares last traded at $18.60, with a volume of 6,743 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered TAT Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 18th.

TAT Technologies Trading Up 1.3 %

The business has a 50 day simple moving average of $17.10 and a 200-day simple moving average of $14.86. The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $187.92 million, a price-to-earnings ratio of 30.00 and a beta of 0.88.

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

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new stake in TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies at the end of the most recent reporting period. Institutional investors own 15.13% of the company’s stock.

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.