StockNews.com Upgrades TAT Technologies (NASDAQ:TATT) to “Buy”

TAT Technologies (NASDAQ:TATT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

TAT Technologies Price Performance

Shares of TAT Technologies stock opened at $11.42 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $115.34 million, a PE ratio of 22.84 and a beta of 0.82. The business’s 50-day moving average price is $12.13 and its 200-day moving average price is $10.69. TAT Technologies has a 12 month low of $5.35 and a 12 month high of $13.75.

TAT Technologies (NASDAQ:TATT) last issued its earnings results on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share for the quarter. The company had revenue of $31.84 million during the quarter. TAT Technologies had a return on equity of 5.75% and a net margin of 4.11%.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned 4.60% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.