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

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a report published on Friday.

TAT Technologies Stock Performance

TAT Technologies stock opened at $22.23 on Friday. The stock’s 50-day moving average is $18.69 and its 200-day moving average is $16.12. The company has a market cap of $224.59 million, a price-to-earnings ratio of 30.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.09. TAT Technologies has a 12 month low of $9.08 and a 12 month high of $24.29.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 EPS for the quarter. The company had revenue of $36.53 million for the quarter. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. lifted its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 969,062 shares of the aerospace company’s stock after buying an additional 559,062 shares during the quarter. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 as of its most recent filing with the SEC. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.