TAT Technologies (NASDAQ:TATT) Stock Price Up 4.3% – Here’s What Happened

Shares of TAT Technologies Ltd. (NASDAQ:TATTGet Free Report) shot up 4.3% during trading on Wednesday . The company traded as high as $45.61 and last traded at $45.6910. 24,157 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 141,944 shares. The stock had previously closed at $43.80.

Trending Headlines about TAT Technologies

Here are the key news stories impacting TAT Technologies this week:

Analyst Ratings Changes

Several equities research analysts recently issued reports on TATT shares. Wall Street Zen upgraded shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Benchmark began coverage on TAT Technologies in a research note on Monday, November 17th. They issued a “buy” rating and a $53.00 price target on the stock. Zacks Research cut TAT Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Stifel Nicolaus raised their target price on TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TAT Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $47.80.

Get Our Latest Analysis on TATT

TAT Technologies Trading Up 3.3%

The stock has a 50-day moving average price of $40.17 and a two-hundred day moving average price of $36.79. The stock has a market capitalization of $568.21 million, a PE ratio of 34.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44.

TAT Technologies (NASDAQ:TATTGet Free Report) last released its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.27 million. TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors have recently bought and sold shares of TATT. PNC Financial Services Group Inc. purchased a new position in shares of TAT Technologies in the third quarter valued at about $53,000. Quantbot Technologies LP bought a new position in TAT Technologies in the 3rd quarter worth approximately $121,000. Osaic Holdings Inc. raised its position in shares of TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares during the last quarter. GWN Securities Inc. purchased a new position in TAT Technologies during the third quarter valued at $202,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of TAT Technologies in the first quarter worth about $207,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for TAT Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAT Technologies and related companies with MarketBeat.com's FREE daily email newsletter.