TAT Technologies (NASDAQ:TATT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

TAT Technologies Ltd. (NASDAQ:TATT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.41 and traded as high as $27.36. TAT Technologies shares last traded at $25.27, with a volume of 57,303 shares.

Analysts Set New Price Targets

TATT has been the subject of several analyst reports. StockNews.com upgraded shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th. Benchmark assumed coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock.

TAT Technologies Price Performance

The stock has a market capitalization of $255.30 million, a P/E ratio of 34.15 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. The business has a fifty day simple moving average of $21.10 and a 200-day simple moving average of $17.41.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. increased its position in TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 969,062 shares of the aerospace company’s stock after buying an additional 559,062 shares during the period. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 at the end of the most recent reporting period. 15.13% of the stock is owned by institutional investors and hedge funds.

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.