TAT Technologies (NASDAQ:TATT) Downgraded by StockNews.com

StockNews.com cut shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a research report released on Monday.

TAT Technologies Stock Performance

Shares of TAT Technologies stock opened at $11.63 on Monday. TAT Technologies has a 52 week low of $5.35 and a 52 week high of $13.75. The company has a quick ratio of 1.10, a current ratio of 2.40 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $12.30 and its two-hundred day moving average is $10.57. The company has a market capitalization of $117.46 million, a PE ratio of 23.26 and a beta of 0.83.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter. TAT Technologies had a return on equity of 5.75% and a net margin of 4.11%. The business had revenue of $31.84 million for the quarter.

Hedge Funds Weigh In On TAT Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp bought a new position in shares of TAT Technologies during the 4th quarter worth $124,000. Marquette Asset Management LLC bought a new position in shares of TAT Technologies during the 4th quarter worth $141,000. Finally, Meitav Investment House Ltd. bought a new position in shares of TAT Technologies during the 4th quarter worth $4,218,000. Institutional investors own 15.13% of the company’s stock.

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.