TAT Technologies (NASDAQ:TATT) Stock Price Passes Above Two Hundred Day Moving Average of $13.31

TAT Technologies Ltd. (NASDAQ:TATT)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.31 and traded as high as $15.95. TAT Technologies shares last traded at $15.95, with a volume of 12,612 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

TAT Technologies Stock Up 3.9 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 1.11. The stock has a market cap of $161.14 million, a price-to-earnings ratio of 25.73 and a beta of 0.89. The firm’s 50-day moving average is $14.40 and its 200 day moving average is $13.34.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 earnings per share (EPS) for the quarter. TAT Technologies had a return on equity of 7.17% and a net margin of 4.99%. The firm had revenue of $34.09 million during the quarter.

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new position in TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies as of its most recent filing with the Securities & Exchange Commission. 15.13% of the stock is currently owned by institutional investors.

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.