TAT Technologies (NASDAQ:TATT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

TAT Technologies Ltd. (NASDAQ:TATT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.18 and traded as high as $28.39. TAT Technologies shares last traded at $27.12, with a volume of 42,539 shares traded.

Wall Street Analysts Forecast Growth

TATT has been the subject of several recent research reports. Benchmark began coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target for the company. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th.

TAT Technologies Stock Down 0.0 %

The stock has a 50-day moving average price of $23.01 and a 200-day moving average price of $18.32. The company has a market capitalization of $273.89 million, a P/E ratio of 36.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TATT. Y.D. More Investments Ltd acquired a new position in shares of TAT Technologies in the 2nd quarter valued at about $1,312,000. Meitav Investment House Ltd. boosted its position in shares of TAT Technologies by 136.4% during the 3rd quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock worth $17,762,000 after purchasing an additional 559,062 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after buying an additional 2,697 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.