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

TAT Technologies Ltd. (NASDAQ:TATT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.31 and traded as high as $27.97. TAT Technologies shares last traded at $26.85, with a volume of 78,711 shares traded.

Wall Street Analysts Forecast Growth

TATT has been the subject of a number of research analyst reports. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Saturday, March 29th. Benchmark upped their target price on TAT Technologies from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd.

TAT Technologies Trading Down 1.6 %

The stock has a 50-day moving average of $26.83 and a 200 day moving average of $24.31. 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 stock has a market cap of $293.74 million, a PE ratio of 36.28 and a beta of 0.75.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million for the quarter, compared to the consensus estimate of $38.00 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of TAT Technologies by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 1,100 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of TAT Technologies in the 4th quarter valued at about $29,000. IFP Advisors Inc acquired a new position in TAT Technologies in the 4th quarter worth about $50,000. Morgan Dempsey Capital Management LLC purchased a new position in TAT Technologies during the fourth quarter worth approximately $103,000. Finally, Renaissance Technologies LLC grew its holdings in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after purchasing an additional 11,799 shares during the period. 15.13% of the stock is currently 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.