TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 10,200 shares, a decrease of 15.7% from the March 31st total of 12,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 86,700 shares, the short-interest ratio is presently 0.1 days.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $29.31 on Monday. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. TAT Technologies has a 1-year low of $11.78 and a 1-year high of $33.83. The stock has a 50 day simple moving average of $26.88 and a 200 day simple moving average of $25.56. The stock has a market cap of $320.65 million, a P/E ratio of 39.61 and a beta of 0.72.

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

Wall Street Analyst Weigh In

TATT has been the subject of several recent research reports. Benchmark upped their price target on TAT Technologies from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th.

Institutional Trading of TAT Technologies

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in TAT Technologies by 7.9% during the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 1,100 shares during the period. Virtus Fund Advisers LLC bought a new stake in TAT Technologies during the fourth quarter worth about $29,000. IFP Advisors Inc purchased a new stake in shares of TAT Technologies in the 4th quarter valued at $50,000. Catalyst Capital Advisors LLC bought a new position in TAT Technologies during the 1st quarter worth approximately $63,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of TAT Technologies in the fourth quarter worth approximately $103,000. 15.13% of the stock is currently owned by institutional investors.

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.