Meitav Investment House Ltd. boosted its position in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 136.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 969,062 shares of the aerospace company's stock after buying an additional 559,062 shares during the quarter. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 at the end of the most recent quarter.
Separately, Y.D. More Investments Ltd purchased a new stake in shares of TAT Technologies during the second quarter valued at $1,312,000. Institutional investors own 15.13% of the company's stock.
TAT Technologies Stock Down 4.0 %
TAT Technologies stock traded down $0.76 during mid-day trading on Thursday, hitting $18.23. The company's stock had a trading volume of 9,083 shares, compared to its average volume of 12,795. The firm's 50 day moving average is $17.41 and its 200 day moving average is $15.08. TAT Technologies Ltd. has a 52-week low of $7.27 and a 52-week high of $19.47. The company has a market cap of $184.18 million, a PE ratio of 26.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.60 and a quick ratio of 1.09.
TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The company had revenue of $36.53 million during the quarter. TAT Technologies had a return on equity of 8.09% and a net margin of 5.49%.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded TAT Technologies from a "buy" rating to a "hold" rating in a report on Friday, October 18th.
View Our Latest Stock Analysis on TAT Technologies
About TAT Technologies
(
Free Report)
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.
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