StockNews.com Downgrades TAT Technologies (NASDAQ:TATT) to Hold

StockNews.com downgraded shares of TAT Technologies (NASDAQ:TATT - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning.

Separately, Benchmark assumed coverage on TAT Technologies in a research note on Thursday, December 5th. They set a "buy" rating and a $30.00 price target for the company.

TAT Technologies Stock Performance

TAT Technologies stock traded up $0.22 during mid-day trading on Tuesday, hitting $25.00. 40,318 shares of the company's stock traded hands, compared to its average volume of 25,371. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. TAT Technologies has a one year low of $10.61 and a one year high of $33.37. The firm has a 50 day moving average price of $27.71 and a 200 day moving average price of $23.28. The company has a market cap of $273.50 million, a PE ratio of 33.78 and a beta of 0.99.

Hedge Funds Weigh In On TAT Technologies

Several large investors have recently made changes to their positions in TATT. Virtus Fund Advisers LLC acquired a new stake in TAT Technologies during the fourth quarter valued at approximately $29,000. IFP Advisors Inc acquired a new stake in shares of TAT Technologies during the 4th quarter valued at $50,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies during the 4th quarter worth $103,000. JPMorgan Chase & Co. grew its holdings in shares of TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock worth $253,000 after acquiring an additional 2,697 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of TAT Technologies in the 4th quarter worth $368,000. Institutional investors own 15.13% of the company's stock.

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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.