TAT Technologies (NASDAQ:TATT) Upgraded by StockNews.com to Buy

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

TAT Technologies Stock Up 2.7 %

Shares of TAT Technologies stock opened at $11.69 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.40 and a debt-to-equity ratio of 0.14. The firm has a market cap of $118.07 million, a P/E ratio of 23.38 and a beta of 0.83. TAT Technologies has a fifty-two week low of $5.35 and a fifty-two week high of $13.75. The business has a 50-day moving average price of $12.16 and a 200 day moving average price of $10.69.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, March 6th. The aerospace company reported $0.04 EPS for the quarter. The company had revenue of $31.84 million during 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

A hedge fund recently bought a new stake in TAT Technologies stock. Marquette Asset Management LLC bought a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,886 shares of the aerospace company’s stock, valued at approximately $141,000. Marquette Asset Management LLC owned about 0.16% of TAT Technologies at the end of the most recent quarter. 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.