StockNews.com Downgrades TAT Technologies (NASDAQ:TATT) to Hold

TAT Technologies (NASDAQ:TATT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

TAT Technologies Stock Performance

Shares of TAT Technologies stock opened at $22.78 on Friday. TAT Technologies has a 12 month low of $9.08 and a 12 month high of $24.29. The firm has a market capitalization of $230.05 million, a P/E ratio of 30.78 and a beta of 0.88. 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 business has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $16.41.

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 company had revenue of $36.53 million during the quarter. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Institutional Trading of TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. grew its stake in TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 969,062 shares of the aerospace company’s stock after acquiring an additional 559,062 shares during the quarter. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 at the end of the most recent quarter. Institutional investors own 15.13% of the company’s 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.