TAT Technologies (NASDAQ:TATT) Stock Breaks Below 200-Day Moving Average – Time to Sell?

TAT Technologies Ltd. (NASDAQ:TATT) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.60 and traded as low as $31.63. TAT Technologies shares last traded at $32.21, with a volume of 136,503 shares.

Analysts Set New Price Targets

Several research firms have weighed in on TATT. William Blair reaffirmed a “hold” rating on shares of TAT Technologies in a report on Wednesday, July 15th. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Benchmark reissued a “buy” rating on shares of TAT Technologies in a report on Tuesday, August 25th. Finally, B. Riley Financial upped their price objective on shares of TAT Technologies from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, TAT Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.17.

TAT Technologies Stock Performance

The company’s 50-day moving average price is $36.91 and its two-hundred day moving average price is $39.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.61 and a current ratio of 4.83. The stock has a market cap of $426.92 million, a PE ratio of 20.53 and a beta of 1.01.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. The company had revenue of $52.94 million during the quarter, compared to the consensus estimate of $44.86 million. On average, equities research analysts forecast that TAT Technologies Ltd. will post 1.40 EPS for the current year.

Hedge Funds Weigh In On TAT Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TATT. Morgan Dempsey Capital Management LLC grew its position in TAT Technologies by 10.4% during the first quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company’s stock valued at $382,000 after acquiring an additional 888 shares during the last quarter. IFP Advisors Inc raised its stake in shares of TAT Technologies by 100.0% during the second quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company’s stock worth $94,000 after acquiring an additional 977 shares in the last quarter. Meitav Investment House Ltd. raised its stake in shares of TAT Technologies by 0.3% during the first quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock worth $47,989,000 after acquiring an additional 3,122 shares in the last quarter. Tidal Investments LLC raised its stake in shares of TAT Technologies by 21.4% during the second quarter. Tidal Investments LLC now owns 25,208 shares of the aerospace company’s stock worth $1,216,000 after acquiring an additional 4,447 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of TAT Technologies in the 1st quarter worth approximately $228,000. 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 thermal-management systems and other aircraft components. Its products include heat exchangers, air-conditioning and environmental-control components, pre-coolers, and related systems used in commercial, military, and business aircraft.

The company also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, landing-gear components, and auxiliary power units.