TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 16,300 shares, a decline of 39.0% from the December 31st total of 26,700 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company's shares are sold short.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on TATT shares. Benchmark assumed coverage on TAT Technologies in a research note on Thursday, December 5th. They issued a "buy" rating and a $30.00 price target on the stock. StockNews.com upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, December 8th.
Check Out Our Latest Stock Report on TAT Technologies
TAT Technologies Stock Up 6.0 %
TATT stock traded up $1.81 during trading on Wednesday, reaching $32.11. The stock had a trading volume of 117,743 shares, compared to its average volume of 62,347. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. TAT Technologies has a 1-year low of $10.51 and a 1-year high of $33.37. The firm has a fifty day moving average price of $25.81 and a 200 day moving average price of $19.99. The company has a market capitalization of $324.31 million, a P/E ratio of 43.39 and a beta of 0.92.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in TAT Technologies stock. Meitav Investment House Ltd. boosted its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 136.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 969,062 shares of the aerospace company's stock after purchasing an additional 559,062 shares during the quarter. Meitav Investment House Ltd. owned approximately 9.59% of TAT Technologies worth $17,762,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.13% of the company's stock.
TAT Technologies Company Profile
(
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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