TAT Technologies (NASDAQ:TATT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of TAT Technologies Ltd. (NASDAQ:TATT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.18 and traded as high as $28.39. TAT Technologies shares last traded at $27.12, with a volume of 42,539 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on TATT. Benchmark initiated coverage on TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th.

TAT Technologies Price Performance

The company has a market capitalization of $273.89 million, a P/E ratio of 36.64 and a beta of 0.94. The business’s 50-day moving average is $23.01 and its two-hundred day moving average is $18.32. 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 Trading of TAT Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TATT. JPMorgan Chase & Co. boosted its position in TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 2,697 shares during the last quarter. Meitav Investment House Ltd. raised its stake in shares of TAT Technologies by 136.4% during the 3rd quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock worth $17,762,000 after purchasing an additional 559,062 shares during the period. Finally, Y.D. More Investments Ltd purchased a new position in shares of TAT Technologies in the 2nd quarter worth about $1,312,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.