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

TAT Technologies (NASDAQ:TATT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

TAT Technologies Stock Performance

Shares of TATT stock traded down $0.04 during trading hours on Friday, hitting $18.15. 5,159 shares of the company were exchanged, compared to its average volume of 12,614. The firm has a fifty day simple moving average of $16.73 and a 200 day simple moving average of $14.66. The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. TAT Technologies has a 52-week low of $6.99 and a 52-week high of $18.90. The stock has a market capitalization of $183.37 million, a price-to-earnings ratio of 29.27 and a beta of 0.88.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. TAT Technologies had a net margin of 5.49% and a return on equity of 8.09%. The business had revenue of $36.53 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to its most recent filing with the SEC. The fund acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies at the end of the most recent quarter. 15.13% of the stock is owned by 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.