TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.63 and traded as high as $28.38. TAT Technologies shares last traded at $28.02, with a volume of 21,997 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Benchmark assumed 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 raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th.
Read Our Latest Stock Report on TATT
TAT Technologies Trading Down 1.9 %
The business's 50 day moving average price is $27.75 and its two-hundred day moving average price is $21.66. The company has a market capitalization of $287.23 million, a price-to-earnings ratio of 35.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04.
Institutional Trading of TAT Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in TATT. Virtus Fund Advisers LLC acquired a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $29,000. Jane Street Group LLC acquired a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $368,000. Marshall Wace LLP acquired a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $444,000. Wasatch Advisors LP acquired a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $4,349,000. Finally, Renaissance Technologies LLC raised its holdings in shares of TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after acquiring an additional 11,799 shares during the period. 15.13% of the stock is currently owned by institutional investors.
TAT Technologies Company Profile
(
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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