TAT Technologies (NASDAQ:TATT) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of TAT Technologies Ltd. (NASDAQ:TATT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.86 and traded as high as $18.85. TAT Technologies shares last traded at $18.60, with a volume of 6,743 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 18th.

TAT Technologies Stock Up 0.3 %

The firm has a market cap of $186.04 million, a price-to-earnings ratio of 25.58 and a beta of 0.88. The stock’s 50 day moving average is $17.17 and its 200 day moving average is $14.93. The company has a quick ratio of 1.09, a current ratio of 2.60 and a debt-to-equity ratio of 0.13.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $36.53 million for the quarter. TAT Technologies had a return on equity of 8.09% and a net margin of 5.49%.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned about 0.87% of TAT Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.