TAT Technologies (NASDAQ:TATT) Lifted to Buy at StockNews.com

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

TAT Technologies Stock Up 2.5 %

Shares of NASDAQ TATT opened at $11.89 on Tuesday. The stock has a market capitalization of $120.12 million, a PE ratio of 23.78 and a beta of 0.82. TAT Technologies has a one year low of $5.35 and a one year high of $13.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.40 and a quick ratio of 1.10. The business’s fifty day moving average price is $12.09 and its 200-day moving average price is $10.73.

TAT Technologies (NASDAQ:TATT) last posted 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 business had revenue of $31.84 million for the quarter.

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 position in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,886 shares of the aerospace company’s stock, valued at approximately $141,000. Marquette Asset Management LLC owned 0.16% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.