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

Posted by Tyrone Williams on Aug 15th, 2024

TAT Technologies (NASDAQ:TATT – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

TAT Technologies Stock Performance

Shares of NASDAQ:TATT traded up $0.70 on Thursday, reaching $14.83. The company’s stock had a trading volume of 4,940 shares, compared to its average volume of 11,769. The stock’s 50-day moving average is $14.40 and its two-hundred day moving average is $13.21. TAT Technologies has a 52-week low of $6.99 and a 52-week high of $16.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 1.11. The stock has a market capitalization of $149.83 million, a P/E ratio of 23.92 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT – Get Free Report) last announced its earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 EPS for the quarter. TAT Technologies had a net margin of 4.99% and a return on equity of 7.17%. The business had revenue of $34.09 million during the quarter.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Marquette Asset Management LLC purchased a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,886 shares of the aerospace company’s stock, valued at approximately $141,000. Marquette Asset Management LLC owned approximately 0.16% of TAT Technologies as of its most recent SEC filing. 15.13% of the stock is currently owned by institutional investors and hedge funds.

About TAT Technologies

(Get Free Report)

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.