TAT Technologies (NASDAQ:TATT) Shares Cross Above 200-Day Moving Average of $14.15

TAT Technologies Ltd. (NASDAQ:TATT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.15 and traded as high as $18.49. TAT Technologies shares last traded at $18.34, with a volume of 8,259 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th.

TAT Technologies Stock Down 0.7 %

The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $15.76 and its two-hundred day moving average price is $14.15. The company has a market capitalization of $185.29 million, a price-to-earnings ratio of 29.58 and a beta of 0.88.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The firm had revenue of $36.53 million for the quarter. TAT Technologies had a return on equity of 8.09% and a net margin of 5.49%.

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 stake in TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned about 0.87% of TAT Technologies at the end of the most recent reporting period. 15.13% of the stock is owned by 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.