Morgan Dempsey Capital Management LLC Takes $103,000 Position in TAT Technologies Ltd. (NASDAQ:TATT)

Morgan Dempsey Capital Management LLC acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,008 shares of the aerospace company’s stock, valued at approximately $103,000.

Separately, JPMorgan Chase & Co. raised its position in shares of TAT Technologies by 24.1% during the third 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 last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TATT shares. Benchmark started coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th.

TAT Technologies Stock Performance

NASDAQ TATT opened at $26.26 on Friday. The stock has a market cap of $287.28 million, a P/E ratio of 35.49 and a beta of 0.94. The company’s 50-day simple moving average is $27.79 and its 200 day simple moving average is $22.24. TAT Technologies Ltd. has a twelve month low of $10.51 and a twelve month high of $33.37. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

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.