TAT Technologies (NASDAQ:TATT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

TAT Technologies Ltd. (NASDAQ:TATT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.41 and traded as high as $27.36. TAT Technologies shares last traded at $25.27, with a volume of 57,303 shares trading hands.

Wall Street Analyst Weigh In

TATT has been the topic of several research reports. Benchmark began coverage on shares of TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective on the stock. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th.

TAT Technologies Price Performance

The firm has a market cap of $255.30 million, a P/E ratio of 34.15 and a beta of 0.94. The company has a fifty day moving average of $21.10 and a 200-day moving average of $17.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

Institutional Trading of TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 and Exchange Commission. 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.