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

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

TAT Technologies Price Performance

Shares of TATT opened at $17.56 on Wednesday. The firm has a fifty day simple moving average of $15.94 and a two-hundred day simple moving average of $14.23. The firm has a market cap of $177.41 million, a PE ratio of 28.32 and a beta of 0.88. The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. TAT Technologies has a 1-year low of $6.99 and a 1-year high of $18.90.

TAT Technologies (NASDAQ:TATT) last posted 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 8.09% and a net margin of 5.49%. The company had revenue of $36.53 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 shares of TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned about 0.87% of TAT Technologies at the end of the most recent reporting period. 15.13% of the stock is currently 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.