TAT Technologies (NASDAQ:TATT) Stock Crosses Above Two Hundred Day Moving Average of $14.15

Shares of TAT Technologies Ltd. (NASDAQ:TATT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.15 and traded as high as $18.49. TAT Technologies shares last traded at $18.34, with a volume of 8,259 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

TAT Technologies Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.60 and a quick ratio of 1.09. The company has a market capitalization of $185.29 million, a price-to-earnings ratio of 29.58 and a beta of 0.88. The firm has a 50-day moving average price of $15.76 and a two-hundred day moving average price of $14.15.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. The firm had revenue of $36.53 million during the quarter. TAT Technologies had a return on equity of 8.09% and a net margin of 5.49%.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd bought a new stake in TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned about 0.87% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 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.