TAT Technologies (NASDAQ:TATT) Shares Pass Above 200-Day Moving Average - Here's What Happened

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.93 and traded as high as $25.80. TAT Technologies shares last traded at $25.79, with a volume of 25,513 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TATT shares. StockNews.com raised TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, December 8th. Benchmark started coverage on TAT Technologies in a report on Thursday, December 5th. They set a "buy" rating and a $30.00 target price for the company.

TAT Technologies Price Performance

The company has a market capitalization of $278.31 million, a price-to-earnings ratio of 34.38 and a beta of 0.99. The stock has a fifty day simple moving average of $27.68 and a 200-day simple moving average of $23.09. 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 Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new position in TAT Technologies in the fourth quarter valued at approximately $29,000. Jane Street Group LLC purchased a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $368,000. Marshall Wace LLP purchased a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $444,000. Wasatch Advisors LP purchased a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $4,349,000. Finally, Renaissance Technologies LLC increased its position 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 buying an additional 11,799 shares in the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

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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.