StockNews.com Downgrades TAT Technologies (NASDAQ:TATT) to Hold

StockNews.com lowered shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a research report report published on Tuesday.

Separately, Benchmark boosted their price target on shares of TAT Technologies from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd.

TAT Technologies Stock Performance

NASDAQ TATT opened at $33.47 on Tuesday. The stock has a market cap of $366.16 million, a P/E ratio of 45.23 and a beta of 0.72. The company’s 50-day simple moving average is $27.71 and its 200 day simple moving average is $26.17. TAT Technologies has a twelve month low of $12.61 and a twelve month high of $36.49. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $38.00 million for the quarter, compared to analyst estimates of $38.00 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Hedge Funds Weigh In On TAT Technologies

Large investors have recently modified their holdings of the stock. Virtus Fund Advisers LLC acquired a new position in shares of TAT Technologies during the fourth quarter worth approximately $29,000. IFP Advisors Inc acquired a new position in shares of TAT Technologies during the fourth quarter worth approximately $50,000. Catalyst Capital Advisors LLC acquired a new position in shares of TAT Technologies during the first quarter worth approximately $63,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of TAT Technologies during the fourth quarter worth approximately $103,000. Finally, CenterBook Partners LP acquired a new position in shares of TAT Technologies during the first quarter worth approximately $252,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.