TAT Technologies (NASDAQ:TATT) Downgraded by StockNews.com to “Hold”

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 Saturday.

TAT Technologies Price Performance

Shares of TATT opened at $22.78 on Friday. TAT Technologies has a twelve month low of $9.08 and a twelve month high of $24.29. The company has a market capitalization of $230.05 million, a P/E ratio of 30.78 and a beta of 0.88. The firm has a 50 day moving average of $19.18 and a 200 day moving average of $16.41. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

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

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently raised its stake in TAT Technologies stock. Meitav Investment House Ltd. lifted its stake in TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 969,062 shares of the aerospace company’s stock after acquiring 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 Securities & Exchange Commission. 15.13% of the stock is owned by hedge funds and other 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.