TAT Technologies (NASDAQ:TATT) Downgraded by StockNews.com to Hold

TAT Technologies (NASDAQ:TATTGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

TAT Technologies Stock Down 1.1 %

NASDAQ:TATT traded down $0.19 during trading hours on Thursday, reaching $16.88. The company’s stock had a trading volume of 8,171 shares, compared to its average volume of 12,738. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.60 and a quick ratio of 1.09. TAT Technologies has a one year low of $6.99 and a one year high of $18.00. The business’s 50-day moving average is $14.98 and its 200-day moving average is $13.70. The company has a market cap of $170.54 million, a price-to-earnings ratio of 27.23 and a beta of 0.88.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATTFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned 0.87% of TAT Technologies at the end of the most recent reporting period. 15.13% of the stock is owned by institutional investors and hedge funds.

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.

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