TAT Technologies (NASDAQ:TATT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

TAT Technologies Ltd. (NASDAQ:TATT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.18 and traded as high as $28.39. TAT Technologies shares last traded at $27.12, with a volume of 42,539 shares.

Wall Street Analysts Forecast Growth

TATT has been the topic of a number of research analyst reports. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark initiated coverage on TAT Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price objective on the stock.

TAT Technologies Trading Up 5.6 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The firm has a market cap of $273.99 million, a PE ratio of 36.65 and a beta of 0.94. The company’s 50 day moving average price is $22.67 and its 200 day moving average price is $18.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TATT. Y.D. More Investments Ltd acquired a new stake in TAT Technologies in the 2nd quarter valued at about $1,312,000. Meitav Investment House Ltd. increased its stake in shares of TAT Technologies by 136.4% during the third quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock worth $17,762,000 after buying an additional 559,062 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 2,697 shares in the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.