TAT Technologies (NASDAQ:TATT) Share Price Passes Above 200-Day Moving Average – What’s Next?

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 $22.93 and traded as high as $25.80. TAT Technologies shares last traded at $25.79, with a volume of 25,513 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TATT shares. Benchmark started coverage on TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th.

TAT Technologies Stock Performance

The business has a 50 day simple moving average of $27.68 and a 200 day simple moving average of $22.93. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $282.14 million, a PE ratio of 34.85 and a beta of 0.99.

Institutional Investors Weigh In On TAT Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake 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 buying an additional 2,697 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the fourth quarter worth about $50,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of TAT Technologies in the fourth quarter worth about $103,000. Jane Street Group LLC purchased a new position in shares of TAT Technologies in the fourth quarter worth about $368,000. Finally, Virtus Fund Advisers LLC purchased a new position in shares of TAT Technologies in the fourth quarter worth about $29,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.