TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 232,670 shares, a drop of 20.4% from the November 30th total of 292,212 shares. Based on an average daily volume of 132,224 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 132,224 shares, the days-to-cover ratio is presently 1.8 days.

TAT Technologies Stock Down 3.5%

Shares of NASDAQ TATT opened at $43.86 on Tuesday. TAT Technologies has a 52-week low of $22.57 and a 52-week high of $46.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The business has a fifty day moving average of $40.36 and a two-hundred day moving average of $37.19. The stock has a market cap of $550.88 million, a PE ratio of 32.98 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The firm had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.27 million.

Analyst Upgrades and Downgrades

TATT has been the subject of several research reports. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a research report on Sunday. Benchmark assumed coverage on shares of TAT Technologies in a research note on Monday, November 17th. They issued a “buy” rating and a $53.00 price objective for the company. Jones Trading started coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 22nd. Finally, Zacks Research lowered shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.80.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies in the 3rd quarter worth approximately $53,000. Morgan Dempsey Capital Management LLC boosted its stake in TAT Technologies by 17.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 1,249 shares in the last quarter. Huntleigh Advisors Inc. grew its holdings in shares of TAT Technologies by 3.7% during the third quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock worth $1,678,000 after purchasing an additional 1,345 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of TAT Technologies by 14.6% during the third quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock worth $522,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of TAT Technologies in the third quarter valued at $121,000. Institutional investors own 15.13% of the company’s stock.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.