TAT Technologies (NASDAQ:TATT) Rating Lowered to Hold at StockNews.com

TAT Technologies (NASDAQ:TATT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

TAT Technologies Price Performance

TAT Technologies stock opened at $18.20 on Friday. The stock has a market capitalization of $183.87 million, a price-to-earnings ratio of 29.35 and a beta of 0.88. TAT Technologies has a 52-week low of $6.99 and a 52-week high of $18.90. The stock’s 50 day moving average price is $16.73 and its two-hundred day moving average price is $14.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 2.60.

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

Institutional Trading of TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

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.