TAT Technologies (NASDAQ:TATT) Lowered to “Hold” at 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 morning.

TAT Technologies Stock Down 3.1 %

Shares of NASDAQ:TATT opened at $11.18 on Monday. The firm has a market cap of $112.90 million, a P/E ratio of 22.35 and a beta of 0.82. TAT Technologies has a 52-week low of $5.35 and a 52-week high of $13.75. The business’s 50 day simple moving average is $12.25 and its two-hundred day simple moving average is $10.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 2.40.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share 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

A number of institutional investors have recently added to or reduced their stakes in TATT. Northern Trust Corp bought a new position in shares of TAT Technologies during the 4th quarter valued at $124,000. Marquette Asset Management LLC purchased a new stake in TAT Technologies during the fourth quarter valued at about $141,000. Finally, Meitav Investment House Ltd. purchased a new stake in TAT Technologies during the fourth quarter valued at about $4,218,000. 15.13% of the stock is currently owned by institutional investors.

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.