TAT Technologies (NASDAQ:TATT) Cut to “Hold” at StockNews.com

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

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $11.18 on Monday. The company’s fifty day moving average price is $12.25 and its 200-day moving average price is $10.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.40 and a quick ratio of 1.10. The firm has a market capitalization of $112.90 million, a price-to-earnings ratio of 22.35 and a beta of 0.82. TAT Technologies has a one year low of $5.35 and a one year high of $13.75.

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

Institutional Trading of TAT Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Meitav Investment House Ltd. purchased a new stake in shares of TAT Technologies during the 4th quarter valued at about $4,218,000. Marquette Asset Management LLC bought a new stake in TAT Technologies during the fourth quarter valued at approximately $141,000. Finally, Northern Trust Corp purchased a new stake in TAT Technologies during the fourth quarter valued at approximately $124,000. 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.