TAT Technologies (NASDAQ:TATT) Earns Buy Rating from Analysts at StockNews.com

Posted by Tyrone Williams on May 25th, 2024

StockNews.com started coverage on shares of TAT Technologies (NASDAQ:TATT – Free Report) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the aerospace company’s stock.

TAT Technologies Stock Up 11.3 %

TATT stock opened at $15.22 on Wednesday. TAT Technologies has a 12-month low of $5.46 and a 12-month high of $15.70. The company has a quick ratio of 1.10, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. The company has a market cap of $153.77 million, a price-to-earnings ratio of 30.44 and a beta of 0.82. The company has a 50 day moving average of $12.15 and a two-hundred day moving average of $11.42.

TAT Technologies (NASDAQ:TATT – Get Free Report) last released 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 4.99% and a return on equity of 7.17%. The company had revenue of $31.84 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. purchased a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned about 4.60% of TAT Technologies as of its most recent SEC filing. Institutional investors own 15.13% of the company’s stock.

About TAT Technologies

(Get Free Report)

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.