TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 16,300 shares, a drop of 39.0% from the December 15th total of 26,700 shares. Based on an average daily trading volume, of 34,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.
TAT Technologies Stock Performance
Shares of NASDAQ TATT traded up $1.71 during midday trading on Tuesday, reaching $27.51. 71,161 shares of the stock were exchanged, compared to its average volume of 46,475. The firm has a market cap of $277.93 million, a price-to-earnings ratio of 37.18 and a beta of 0.92. TAT Technologies has a twelve month low of $10.51 and a twelve month high of $28.40. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $24.02 and a two-hundred day simple moving average of $18.94.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. StockNews.com upgraded 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 note on Thursday, December 5th. They issued a "buy" rating and a $30.00 price objective for the company.
View Our Latest Research Report on TATT
Institutional Trading of TAT Technologies
A hedge fund recently raised its stake in TAT Technologies stock. JPMorgan Chase & Co. boosted its position in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 24.1% in the 3rd quarter, according to its most recent filing 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 as of its most recent SEC filing. Institutional investors own 15.13% of the company's stock.
About TAT Technologies
(
Get 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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