TAT Technologies (NASDAQ:TATT) Stock Crosses Above 200 Day Moving Average – Here’s Why

TAT Technologies Ltd. (NASDAQ:TATT)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.63 and traded as high as $28.38. TAT Technologies shares last traded at $28.02, with a volume of 21,997 shares.

Analyst Ratings Changes

TATT has been the topic of a number of research analyst reports. Benchmark assumed coverage on shares of TAT Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 target price on the stock. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th.

TAT Technologies Stock Performance

The stock has a market capitalization of $306.54 million, a price-to-earnings ratio of 37.86 and a beta of 0.94. The company’s fifty day simple moving average is $27.75 and its 200 day simple moving average is $21.63. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds have recently bought and sold shares of the stock. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies during the fourth quarter worth approximately $29,000. IFP Advisors Inc acquired a new position in TAT Technologies in the 4th quarter valued at $50,000. Morgan Dempsey Capital Management LLC bought a new position in TAT Technologies during the 4th quarter worth $103,000. JPMorgan Chase & Co. lifted its holdings in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after buying an additional 2,697 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of TAT Technologies in the fourth quarter valued at about $368,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.