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

TAT Technologies Ltd. (NASDAQ:TATT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.12 and traded as high as $32.92. TAT Technologies shares last traded at $32.18, with a volume of 176,326 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TATT shares. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 26th. Benchmark raised their price objective on shares of TAT Technologies from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd.

TAT Technologies Stock Performance

The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The company has a market cap of $352.05 million, a PE ratio of 43.49 and a beta of 0.72. The business’s fifty day moving average is $27.54 and its 200-day moving average is $26.12.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The company had revenue of $38.00 million for the quarter, compared to the consensus estimate of $38.00 million.

Institutional Investors Weigh In On TAT Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new stake in TAT Technologies during the 4th quarter worth approximately $29,000. IFP Advisors Inc bought a new stake in TAT Technologies during the 4th quarter worth approximately $50,000. Catalyst Capital Advisors LLC bought a new stake in TAT Technologies during the 1st quarter worth approximately $63,000. Morgan Dempsey Capital Management LLC bought a new stake in TAT Technologies during the 4th quarter worth approximately $103,000. Finally, CenterBook Partners LP bought a new stake in shares of TAT Technologies during the first quarter valued at approximately $252,000. 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.