TAT Technologies Ltd. (NASDAQ:TATT) Sees Large Decline in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 18,100 shares, a drop of 18.8% from the October 15th total of 22,300 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the shares of the company are sold short.

TAT Technologies Stock Performance

TATT traded down $1.57 on Friday, hitting $20.61. The company’s stock had a trading volume of 44,305 shares, compared to its average volume of 13,788. The company’s 50 day simple moving average is $18.04 and its 200-day simple moving average is $15.65. The firm has a market cap of $208.22 million, a P/E ratio of 28.65 and a beta of 0.88. TAT Technologies has a 12 month low of $9.08 and a 12 month high of $23.00. The company has a quick ratio of 1.09, a current ratio of 2.60 and a debt-to-equity ratio of 0.13.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 EPS for the quarter. The company had revenue of $36.53 million during the quarter. TAT Technologies had a net margin of 5.49% and a return on equity of 8.09%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 18th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.