TAT Technologies (NASDAQ:TATT) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of TAT Technologies Ltd. (NASDAQ:TATT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.71 and traded as high as $25.11. TAT Technologies shares last traded at $24.78, with a volume of 28,480 shares traded.

Analysts Set New Price Targets

TATT has been the subject of a number of research reports. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th. Benchmark started coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company.

TAT Technologies Stock Performance

The firm’s 50 day moving average price is $23.68 and its two-hundred day moving average price is $18.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The firm has a market cap of $250.35 million, a PE ratio of 33.49 and a beta of 0.92.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. JPMorgan Chase & Co. grew its position in TAT Technologies Ltd. (NASDAQ:TATT) by 24.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,893 shares of the aerospace company’s stock after purchasing an additional 2,697 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.14% of TAT Technologies worth $253,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.