TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.99 and traded as high as $30.54. TAT Technologies shares last traded at $30.30, with a volume of 69,829 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. StockNews.com raised TAT Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, December 8th. Benchmark initiated coverage on TAT Technologies in a report on Thursday, December 5th. They set a "buy" rating and a $30.00 target price on the stock.
Read Our Latest Stock Analysis on TAT Technologies
TAT Technologies Price Performance
The stock has a market capitalization of $322.29 million, a PE ratio of 43.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The stock's fifty day moving average is $26.39 and its 200-day moving average is $20.30.
Hedge Funds Weigh In On TAT Technologies
An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. grew its holdings in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 136.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 969,062 shares of the aerospace company's stock after buying an additional 559,062 shares during the quarter. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 as of its most recent SEC filing. Institutional investors 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.
Further Reading
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