Shares of TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.18 and traded as high as $28.39. TAT Technologies shares last traded at $27.12, with a volume of 42,539 shares traded.
Analyst Upgrades and Downgrades
TATT has been the subject of a number of recent research reports. Benchmark initiated coverage on TAT Technologies in a report on Thursday, December 5th. They issued a "buy" rating and a $30.00 target price for the company. StockNews.com raised TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th.
Read Our Latest Report on TAT Technologies
TAT Technologies Stock Down 0.0 %
The firm has a market capitalization of $273.89 million, a price-to-earnings ratio of 36.64 and a beta of 0.94. The stock has a fifty day moving average of $22.84 and a two-hundred day moving average of $18.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.
Institutional Trading of TAT Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. boosted its stake in shares of TAT Technologies by 136.4% in the 3rd quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company's stock valued at $17,762,000 after purchasing an additional 559,062 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in TAT Technologies in the second quarter valued at $1,312,000. Finally, JPMorgan Chase & Co. boosted its position in TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 2,697 shares during the last quarter. Institutional investors and hedge funds 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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