TAT Technologies (NASDAQ:TATT) Lowered to “Hold” Rating by StockNews.com

TAT Technologies (NASDAQ:TATT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, Benchmark initiated coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 target price for the company.

TAT Technologies Price Performance

Shares of NASDAQ TATT traded down $0.65 during trading on Tuesday, reaching $25.44. The company had a trading volume of 58,655 shares, compared to its average volume of 24,939. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37. The stock has a market cap of $278.31 million, a PE ratio of 34.38 and a beta of 0.99. 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’s 50 day moving average price is $27.66 and its 200-day moving average price is $23.15.

Institutional Investors Weigh In On TAT Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC bought a new stake in shares of TAT Technologies during the fourth quarter worth approximately $29,000. IFP Advisors Inc bought a new stake in shares of TAT Technologies during the fourth quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies during the fourth quarter worth approximately $103,000. JPMorgan Chase & Co. raised its stake in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after buying an additional 2,697 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of TAT Technologies during the fourth quarter worth approximately $368,000. 15.13% of the stock is 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.