TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 14,700 shares, a decline of 27.6% from the February 13th total of 20,300 shares. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Trading of TAT Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in TAT Technologies by 7.9% in the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock valued at $385,000 after purchasing an additional 1,100 shares during the period. Virtus Fund Advisers LLC acquired a new position in TAT Technologies in the 4th quarter valued at approximately $29,000. IFP Advisors Inc acquired a new stake in shares of TAT Technologies during the 4th quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $103,000. Finally, Renaissance Technologies LLC raised its stake in shares of TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after purchasing an additional 11,799 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on TATT shares. StockNews.com cut shares of TAT Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday. Benchmark assumed coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a "buy" rating and a $30.00 price objective on the stock.
Check Out Our Latest Research Report on TAT Technologies
TAT Technologies Trading Up 0.7 %
TAT Technologies stock traded up $0.18 during midday trading on Wednesday, reaching $25.62. The stock had a trading volume of 15,631 shares, compared to its average volume of 24,902. TAT Technologies has a twelve month low of $10.61 and a twelve month high of $33.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The firm has a market cap of $280.23 million, a price-to-earnings ratio of 34.61 and a beta of 0.99. The firm's fifty day simple moving average is $27.66 and its two-hundred day simple moving average is $23.15.
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.
See Also
Before you consider TAT Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TAT Technologies wasn't on the list.
While TAT Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
