TAT Technologies Downgraded by StockNews.com to 'Hold' Rating

TAT Technologies (NASDAQ:TATT) has recently been downgraded from a "buy" rating to a "hold" rating by analysts at StockNews.com, according to a report released on Tuesday.

Recent Performance of TAT Technologies

On the trading day following the downgrade, shares of TAT Technologies decreased by $0.65, bringing the stock price to $25.44. During this trading session, the company witnessed a volume of 58,655 shares traded, surpassing its average trading volume of 24,939 shares. Over the last year, TAT Technologies has seen a low of $10.61 and a high of $33.37.
Presently, the market capitalization for TAT Technologies stands at $278.31 million, with a price-to-earnings (P/E) ratio of 34.38. The company also has a debt-to-equity ratio of 0.10, a quick ratio of 1.29, and a current ratio of 3.04. Additionally, the stock's 50-day moving average is recorded at $27.66, while the 200-day moving average sits at $23.15.

Institutional Investments in TAT Technologies

In recent months, several institutional investors have adjusted their holdings in TAT Technologies. For instance, Virtus Fund Advisers LLC purchased a new stake in the company worth about $29,000 during the fourth quarter. Similarly, IFP Advisors Inc. bought shares valued at approximately $50,000, and Morgan Dempsey Capital Management LLC acquired shares worth about $103,000 during the same period.
Moreover, JPMorgan Chase & Co. increased its stake in TAT Technologies by 24.1% in the third quarter, owning 13,893 shares valued at $253,000 after an additional purchase of 2,697 shares. Jane Street Group LLC also entered into a new investment, acquiring shares valued at about $368,000. As of now, institutional investors hold 15.13% of the stock.

About TAT Technologies

TAT Technologies Ltd. operates alongside its subsidiaries to provide various solutions and services for the commercial and military aerospace industries, as well as ground defense sectors, both in the United States and internationally. The company functions through four main segments: Original Equipment Manufacturing (OEM) for 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.

stocks, analysis, company