TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. StockNews.com raised TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th. Benchmark initiated coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They issued a "buy" rating and a $30.00 price target for the company.
Get Our Latest Report on TAT Technologies
TAT Technologies Price Performance
The company has a 50 day moving average of $27.68 and a 200 day moving average of $23.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The stock has a market capitalization of $285.42 million, a price-to-earnings ratio of 35.26 and a beta of 0.99.
Institutional Trading of TAT Technologies
Large investors have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new position in TAT Technologies during the 4th quarter worth approximately $29,000. IFP Advisors Inc acquired a new stake in shares of TAT Technologies during the 4th quarter worth about $50,000. Morgan Dempsey Capital Management LLC purchased a new stake in TAT Technologies during the fourth quarter worth approximately $103,000. JPMorgan Chase & Co. boosted its holdings in TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in TAT Technologies in the fourth quarter valued at approximately $368,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.
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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