TAT Technologies (NASDAQ:TATT - Get Free Report) issued its quarterly earnings results on Wednesday. The aerospace company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03, Zacks reports. The company had revenue of $38.00 million during the quarter, compared to analyst estimates of $38.00 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.
TAT Technologies Price Performance
TATT traded up $0.23 on Friday, hitting $28.20. 101,513 shares of the company's stock were exchanged, compared to its average volume of 27,088. TAT Technologies has a fifty-two week low of $10.61 and a fifty-two week high of $33.37. The stock has a market cap of $308.51 million, a price-to-earnings ratio of 38.11 and a beta of 0.99. The firm has a 50-day moving average price of $27.60 and a 200-day moving average price of $23.69. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.
Analysts Set New Price Targets
A number of research firms have recently commented on TATT. Benchmark began coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a "buy" rating and a $30.00 target price for the company. StockNews.com upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research note on Saturday.
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About TAT Technologies
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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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