TAT Technologies (NASDAQ:TATT) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

TAT Technologies Ltd. (NASDAQ:TATT) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.56 and traded as low as $37.24. TAT Technologies shares last traded at $38.62, with a volume of 75,733 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on TATT shares. Benchmark restated a “buy” rating on shares of TAT Technologies in a research report on Tuesday, August 25th. Weiss Ratings upgraded TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. William Blair reissued a “hold” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. B. Riley Financial boosted their price target on TAT Technologies from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $57.86.

TAT Technologies Stock Down 1.5%

The firm’s 50 day moving average is $39.86 and its 200-day moving average is $42.44. The firm has a market cap of $487.24 million, a PE ratio of 23.42 and a beta of 1.00. The company has a quick ratio of 2.61, a current ratio of 4.83 and a debt-to-equity ratio of 0.06.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Tuesday, August 4th. The aerospace company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. The firm had revenue of $52.94 million during the quarter, compared to analysts’ expectations of $44.86 million. As a group, equities research analysts expect that TAT Technologies Ltd. will post 1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAT Technologies

Several large investors have recently added to or reduced their stakes in TATT. Meitav Investment House Ltd. grew its holdings in TAT Technologies by 0.3% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock valued at $47,989,000 after buying an additional 3,122 shares during the period. Wasatch Advisors LP lifted its holdings in shares of TAT Technologies by 35.1% during the 2nd quarter. Wasatch Advisors LP now owns 768,702 shares of the aerospace company’s stock worth $37,074,000 after acquiring an additional 199,622 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of TAT Technologies by 26.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after acquiring an additional 95,756 shares during the period. Wellington Management Group LLP acquired a new stake in shares of TAT Technologies in the second quarter worth approximately $21,213,000. Finally, Renaissance Technologies LLC boosted its position in shares of TAT Technologies by 14.9% in the first quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock worth $8,264,000 after acquiring an additional 26,400 shares during the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

TAT Technologies Company Profile

TAT Technologies Ltd. (NASDAQ: TATT) is an aerospace and defense company that designs, manufactures, and services systems and components used in commercial, military, and business aviation. Its products include heat exchangers, oil coolers, hydraulic coolers, fuel and air-conditioning system components, pre-coolers, and other thermal-management equipment for aircraft and engines.

The company also provides maintenance, repair, and overhaul services for aviation components, including heat-transfer equipment and related systems.