TAT Technologies (NASDAQ:TATT) Stock Crosses Above 200 Day Moving Average – Here’s Why

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 $21.63 and traded as high as $28.38. TAT Technologies shares last traded at $28.02, with a volume of 21,997 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TATT shares. Benchmark initiated coverage on TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th.

TAT Technologies Stock Up 0.4 %

The firm’s 50-day moving average price is $27.75 and its 200 day moving average price is $21.63. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $306.54 million, a price-to-earnings ratio of 37.86 and a beta of 0.94.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Meitav Investment House Ltd. raised its holdings in shares of TAT Technologies by 136.4% during the 3rd quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock worth $17,762,000 after buying an additional 559,062 shares in the last quarter. JPMorgan Chase & Co. grew its position in TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 2,697 shares during the last quarter. IFP Advisors Inc acquired a new position in TAT Technologies during the fourth quarter worth about $50,000. Morgan Dempsey Capital Management LLC bought a new position in shares of TAT Technologies in the fourth quarter worth about $103,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock valued at $1,019,000 after purchasing an additional 22,987 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors.

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.