TAT Technologies (NASDAQ:TATT) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

TAT Technologies Ltd. (NASDAQ:TATT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.71 and traded as high as $25.11. TAT Technologies shares last traded at $24.78, with a volume of 28,480 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TATT. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark began coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They issued a “buy” rating and a $30.00 target price on the stock.

TAT Technologies Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The company has a market capitalization of $250.35 million, a PE ratio of 33.49 and a beta of 0.92. The company’s 50-day simple moving average is $23.68 and its 200-day simple moving average is $18.71.

Institutional Trading of TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. JPMorgan Chase & Co. grew its position in TAT Technologies Ltd. (NASDAQ:TATT) by 24.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,893 shares of the aerospace company’s stock after acquiring an additional 2,697 shares during the period. JPMorgan Chase & Co. owned about 0.14% of TAT Technologies worth $253,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.