TAT Technologies (NASDAQ:TATT) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, Benchmark assumed coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock.

TAT Technologies Trading Down 6.7 %

NASDAQ TATT opened at $24.78 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The firm has a market cap of $271.09 million, a PE ratio of 33.49 and a beta of 0.99. The company has a 50 day moving average price of $27.70 and a 200 day moving average price of $23.18. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC acquired a new stake in TAT Technologies during the fourth quarter worth about $29,000. Jane Street Group LLC purchased a new position in shares of TAT Technologies in the fourth quarter valued at approximately $368,000. Marshall Wace LLP purchased a new position in shares of TAT Technologies in the fourth quarter valued at approximately $444,000. Wasatch Advisors LP purchased a new position in shares of TAT Technologies in the fourth quarter valued at approximately $4,349,000. Finally, Renaissance Technologies LLC boosted its stake in shares of TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after purchasing an additional 11,799 shares during the period. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.