TAT Technologies (NASDAQ:TATT) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

TAT Technologies Ltd. (NASDAQ:TATT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.71 and traded as high as $25.11. TAT Technologies shares last traded at $24.78, with a volume of 28,480 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TATT. Benchmark began coverage on TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 price objective for the company. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th.

TAT Technologies Stock Performance

The stock has a 50-day moving average price of $23.68 and a 200 day moving average price of $18.74. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $250.35 million, a price-to-earnings ratio of 33.49 and a beta of 0.92.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. JPMorgan Chase & Co. raised its holdings in TAT Technologies Ltd. (NASDAQ:TATT) by 24.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,893 shares of the aerospace company’s stock after buying an additional 2,697 shares during the period. JPMorgan Chase & Co. owned about 0.14% of TAT Technologies worth $253,000 as of its most recent SEC filing. 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.