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

Shares of TAT Technologies Ltd. (NASDAQ:TATT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.41 and traded as high as $27.36. TAT Technologies shares last traded at $25.27, with a volume of 57,303 shares trading hands.

Analysts Set New Price Targets

TATT has been the topic of a number of analyst reports. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark started 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 for the company.

TAT Technologies Trading Down 0.6 %

The stock has a market capitalization of $262.68 million, a P/E ratio of 35.14 and a beta of 0.94. The business has a 50 day simple moving average of $21.43 and a 200-day simple moving average of $17.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.