Renaissance Technologies LLC decreased its position in TAT Technologies Ltd. (NASDAQ:TATT – Free Report) 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.
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.
Check Out Our Latest Research Report on TAT Technologies
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.
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