TAT Technologies (NASDAQ:TATT) Downgraded by StockNews.com

StockNews.com cut shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a report issued on Thursday morning.

TAT Technologies Price Performance

TAT Technologies stock opened at $17.94 on Thursday. The firm has a market cap of $181.19 million, a P/E ratio of 24.92 and a beta of 0.88. The stock’s 50 day moving average is $16.24 and its 200 day moving average is $14.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.60 and a quick ratio of 1.09. TAT Technologies has a one year low of $6.99 and a one 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 net margin of 5.49% and a return on equity of 8.09%. The company had revenue of $36.53 million for the quarter.

Institutional Investors 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 stake in TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to its most recent Form 13F 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 0.87% of TAT Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.