StockNews.com Begins Coverage on TAT Technologies (NASDAQ:TATT)

StockNews.com began coverage on shares of TAT Technologies (NASDAQ:TATT) in a research report released on Sunday. The brokerage issued a buy rating on the aerospace company’s stock.

TAT Technologies Trading Up 0.6 %

Shares of TATT stock opened at $14.35 on Friday. The business’s fifty day moving average price is $13.48 and its 200 day moving average price is $12.31. TAT Technologies has a 1-year low of $6.99 and a 1-year high of $16.24. The firm has a market capitalization of $144.91 million, a PE ratio of 23.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 1.11.

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

Institutional Trading of TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. bought a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned approximately 4.60% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 15.13% of the stock is owned by hedge funds and other 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.