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

TAT Technologies (NASDAQ:TATT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

TAT Technologies Trading Down 2.8 %

Shares of TATT traded down $0.34 during midday trading on Monday, hitting $11.63. 10,763 shares of the stock were exchanged, compared to its average volume of 14,151. The stock has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $10.57. TAT Technologies has a 52-week low of $5.35 and a 52-week high of $13.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 2.40. The firm has a market cap of $117.46 million, a P/E ratio of 23.26 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 business had revenue of $31.84 million for the quarter. TAT Technologies had a net margin of 4.11% and a return on equity of 5.75%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. acquired a new stake in TAT Technologies during the 4th quarter worth $4,218,000. Marquette Asset Management LLC acquired a new stake in shares of TAT Technologies during the fourth quarter worth about $141,000. Finally, Northern Trust Corp purchased a new position in shares of TAT Technologies during the fourth quarter worth about $124,000. 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.