TAT Technologies Ltd. (NASDAQ:TATT) Sees Large Drop in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 115,406 shares, a decrease of 14.6% from the January 15th total of 135,083 shares. Based on an average daily trading volume, of 123,697 shares, the short-interest ratio is currently 0.9 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 123,697 shares, the short-interest ratio is currently 0.9 days.

TAT Technologies Trading Up 2.0%

Shares of TAT Technologies stock opened at $52.29 on Thursday. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $48.21 and a 200-day simple moving average of $42.34. The stock has a market cap of $656.76 million, a price-to-earnings ratio of 39.32 and a beta of 0.93. TAT Technologies has a 12-month low of $23.37 and a 12-month high of $54.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in shares of TAT Technologies in the first quarter valued at approximately $207,000. Jane Street Group LLC raised its position in TAT Technologies by 125.8% in the 1st quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock valued at $889,000 after purchasing an additional 18,020 shares during the last quarter. Phoenix Financial Ltd. acquired a new stake in TAT Technologies during the 2nd quarter worth $4,841,000. Kornitzer Capital Management Inc. KS purchased a new position in TAT Technologies during the 2nd quarter worth $1,222,000. Finally, Anthracite Investment Company Inc. grew its position in TAT Technologies by 900.8% during the 2nd quarter. Anthracite Investment Company Inc. now owns 144,892 shares of the aerospace company’s stock worth $4,425,000 after purchasing an additional 130,415 shares during the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Truist Financial cut their price objective on TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Lake Street Capital reissued a “buy” rating and set a $59.00 target price on shares of TAT Technologies in a research note on Wednesday, February 4th. Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Loop Capital set a $53.00 target price on shares of TAT Technologies in a report on Tuesday, December 30th. Finally, Stifel Nicolaus raised their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $53.17.

TAT Technologies Company Profile

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.