TAT Technologies (NASDAQ:TATT) Cut to “Hold” at StockNews.com

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

Separately, Benchmark started coverage on TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target for the company.

TAT Technologies Stock Performance

Shares of NASDAQ TATT opened at $25.44 on Tuesday. TAT Technologies has a 12-month low of $10.61 and a 12-month high of $33.37. The company has a market cap of $278.31 million, a PE ratio of 34.38 and a beta of 0.99. The stock has a 50 day simple moving average of $27.66 and a 200-day simple moving average of $23.15. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds have recently modified their holdings of the company. Virtus Fund Advisers LLC acquired a new stake in shares of TAT Technologies during the 4th quarter valued at $29,000. IFP Advisors Inc acquired a new stake in shares of TAT Technologies during the fourth quarter worth $50,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of TAT Technologies during the fourth quarter valued at $103,000. JPMorgan Chase & Co. boosted its position in shares of TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 2,697 shares during the period. Finally, Jane Street Group LLC purchased a new stake in TAT Technologies during the fourth quarter valued at about $368,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.