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

TAT Technologies (NASDAQ:TATT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

TAT Technologies Stock Down 0.8 %

Shares of NASDAQ:TATT opened at $11.53 on Monday. The stock’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $10.59. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. TAT Technologies has a 12-month low of $5.35 and a 12-month high of $13.75. The firm has a market cap of $116.48 million, a price-to-earnings ratio of 23.07 and a beta of 0.83.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $31.84 million for the quarter. TAT Technologies had a return on equity of 5.75% and a net margin of 4.11%.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TATT. Meitav Investment House Ltd. acquired a new position in shares of TAT Technologies in the 4th quarter valued at about $4,218,000. Marquette Asset Management LLC purchased a new stake in shares of TAT Technologies during the 4th quarter valued at about $141,000. Finally, Northern Trust Corp purchased a new stake in shares of TAT Technologies during the 4th quarter valued at about $124,000. 15.13% of the stock is owned by institutional investors and hedge funds.

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.