Begins Coverage on TAT Technologies (NASDAQ:TATT)

Equities research analysts at initiated coverage on shares of TAT Technologies (NASDAQ:TATTGet Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the aerospace company’s stock.

TAT Technologies Stock Performance

Shares of TATT opened at $13.31 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $11.99 and a two-hundred day moving average of $11.34. TAT Technologies has a 12-month low of $5.46 and a 12-month high of $13.75. The stock has a market cap of $134.43 million, a P/E ratio of 26.62 and a beta of 0.82.

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

Institutional Trading of TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. purchased a new position in TAT Technologies Ltd. (NASDAQ:TATTFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned approximately 4.60% of TAT Technologies as of its most recent filing with the Securities & Exchange Commission. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Company Profile

(Get Free Report)

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.

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