TAT Technologies (NASDAQ:TATT) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of TAT Technologies (NASDAQ:TATT) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the aerospace company’s stock.

TAT Technologies Stock Down 1.5 %

Shares of NASDAQ:TATT opened at $14.55 on Monday. The stock has a market cap of $147.00 million, a P/E ratio of 23.47 and a beta of 0.89. The firm has a fifty day moving average price of $13.81 and a 200 day moving average price of $12.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 1.11. TAT Technologies has a 1-year low of $6.99 and a 1-year high of $16.24.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 earnings per share for the quarter. The firm had revenue of $34.09 million during the quarter. TAT Technologies had a net margin of 4.99% and a return on equity of 7.17%.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Meitav Investment House Ltd. acquired a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned about 4.60% of TAT Technologies as of its most recent filing with the SEC. 15.13% of the stock is owned by hedge funds and other 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.