TAT Technologies Ltd. (NASDAQ:TATT – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.84 and traded as high as $18.00. TAT Technologies shares last traded at $17.76, with a volume of 12,740 shares.
Analyst Ratings Changes
Separately, StockNews.com downgraded TAT Technologies from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.
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TAT Technologies Trading Up 0.4 %
TAT Technologies (NASDAQ:TATT – Get Free Report) last announced its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The business had revenue of $36.53 million during the quarter. TAT Technologies had a net margin of 5.49% and a return on equity of 8.09%.
Institutional Investors Weigh In On TAT Technologies
An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors 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.
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