TAT Technologies (NASDAQ:TATT) Upgraded by StockNews.com to “Buy” Rating

TAT Technologies (NASDAQ:TATT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

TAT Technologies Stock Up 2.3 %

NASDAQ TATT traded up $0.50 on Friday, reaching $22.23. The stock had a trading volume of 59,063 shares, compared to its average volume of 15,054. The company has a market capitalization of $224.52 million, a price-to-earnings ratio of 30.04 and a beta of 0.88. The business has a 50 day moving average price of $18.69 and a 200 day moving average price of $16.06. TAT Technologies has a 1 year low of $9.08 and a 1 year high of $24.29. The company has a current ratio of 3.04, a quick ratio of 1.09 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 EPS for the quarter. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The company had revenue of $36.53 million during the quarter.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. grew its position in TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 969,062 shares of the aerospace company’s stock after purchasing an additional 559,062 shares during the period. Meitav Investment House Ltd. owned about 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.

About TAT Technologies

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.