TAT Technologies (NASDAQ:TATT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TAT Technologies (NASDAQ:TATT) in a research note released on Tuesday morning. The firm issued a buy rating on the aerospace company’s stock.

TAT Technologies Stock Up 0.9 %

Shares of TAT Technologies stock traded up $0.12 during trading on Tuesday, reaching $13.05. 5,417 shares of the company traded hands, compared to its average volume of 11,734. The firm has a market capitalization of $131.81 million, a PE ratio of 27.18 and a beta of 0.82. TAT Technologies has a 1-year low of $5.46 and a 1-year high of $13.75. The company has a 50 day moving average price of $11.88 and a 200-day moving average price of $11.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.40 and a quick ratio of 1.10.

TAT Technologies (NASDAQ:TATT) last issued its earnings results on Wednesday, March 6th. The aerospace company reported $0.04 EPS 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%.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Marquette Asset Management LLC bought a new stake in TAT Technologies Ltd. (NASDAQ:TATT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,886 shares of the aerospace company’s stock, valued at approximately $141,000. Marquette Asset Management LLC owned approximately 0.16% of TAT Technologies as of its most recent SEC filing. Hedge funds and other institutional investors 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.