TAT Technologies (NASDAQ:TATT) Stock Rating Lowered by StockNews.com

TAT Technologies (NASDAQ:TATT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $17.15 on Thursday. The company’s fifty day moving average is $15.03 and its two-hundred day moving average is $13.73. The company has a market cap of $173.22 million, a P/E ratio of 27.66 and a beta of 0.88. TAT Technologies has a 12-month low of $6.99 and a 12-month high of $18.00. The company has a quick ratio of 1.09, a current ratio of 2.60 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd bought a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned 0.87% of TAT Technologies as of its most recent SEC filing. 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.