TAT Technologies Downgraded to Hold Rating

TAT Technologies (NASDAQ:TATT) has been downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday. This change indicates a more cautious stance on the stock's potential performance moving forward.

In a separate development, Benchmark, another equities research firm, initiated coverage on TAT Technologies on December 5th. They have given the company a "buy" rating alongside a target price of $30.00.

TAT Technologies Price Performance

On the trading day following the downgrade, shares of NASDAQ TATT dropped by $0.65, settling at $25.44. The trading volume for the day was 58,655 shares, which exceeded the stock's average volume of 24,939 shares. Over the past year, TAT Technologies has experienced a 52-week low of $10.61 and a high of $33.37. The company currently boasts a market capitalization of $278.31 million and a PE ratio of 34.38, with a beta of 0.99. Financially, TAT Technologies has a favorable debt-to-equity ratio of 0.10, a quick ratio of 1.29, and a current ratio of 3.04. The stock's 50-day moving average is $27.66, while the 200-day moving average sits at $23.15.

Institutional Investors Weigh In On TAT Technologies

Recently, various institutional investors and hedge funds have adjusted their stakes in TAT Technologies. Virtus Fund Advisers LLC made a new purchase in the fourth quarter worth around $29,000. Similarly, IFP Advisors Inc also acquired new shares, investing approximately $50,000. Morgan Dempsey Capital Management LLC bought in for about $103,000 during the same quarter. Additionally, JPMorgan Chase & Co. increased its investment in TAT Technologies by 24.1% in the third quarter, now holding 13,893 shares valued at $253,000 after acquiring an additional 2,697 shares. Jane Street Group LLC also entered the shareholder group, investing around $368,000. Overall, institutional investors own 15.13% of TAT Technologies.

About TAT Technologies

TAT Technologies Ltd. provides various solutions and services aimed at the aerospace and ground defense sectors, both in the United States and internationally. Their operations are segmented into four main areas: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions, Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components, MRO Services for Aviation Components, and Overhaul/Coating of Jet Engine Components.

Final Thoughts

Given the recent downgrade by StockNews.com and ongoing developments surrounding TAT Technologies, investors may want to consider these factors carefully in their investment decisions.

TAT, Technologies, Stock