StockNews.com Initiates Coverage on TAT Technologies (NASDAQ:TATT)

Stock analysts at StockNews.com began coverage on shares of TAT Technologies (NASDAQ:TATT) in a note issued to investors on Tuesday. The firm set a “buy” rating on the aerospace company’s stock.

TAT Technologies Price Performance

Shares of TAT Technologies stock opened at $14.22 on Tuesday. The stock has a market cap of $143.62 million, a price-to-earnings ratio of 22.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 2.75. The stock has a 50 day moving average price of $14.12 and a 200-day moving average price of $12.64. TAT Technologies has a one year low of $6.99 and a one year high of $16.24.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 EPS for the quarter. The firm had revenue of $34.09 million during the quarter. TAT Technologies had a return on equity of 7.17% and a net margin of 4.99%.

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned 4.60% of TAT Technologies as of its most recent SEC filing. 15.13% of the stock is currently owned by institutional investors and hedge funds.

About TAT Technologies

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.