TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 54.1% in January

TAT Technologies Ltd. (NASDAQ:TATTGet Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 15,800 shares, a decline of 54.1% from the January 15th total of 34,400 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 17,400 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Marquette Asset Management LLC purchased a new position in shares of TAT Technologies Ltd. (NASDAQ:TATTFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,886 shares of the aerospace company’s stock, valued at approximately $141,000. Marquette Asset Management LLC owned 0.16% of TAT Technologies at the end of the most recent quarter. 4.37% of the stock is currently owned by hedge funds and other institutional investors.

TAT Technologies Stock Performance

Shares of TATT traded up $0.19 during midday trading on Monday, reaching $12.69. 27,420 shares of the stock were exchanged, compared to its average volume of 18,983. The stock’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $9.23. The company has a market cap of $113.07 million, a P/E ratio of 24.40 and a beta of 0.80. TAT Technologies has a twelve month low of $5.01 and a twelve month high of $12.84. The company has a quick ratio of 0.87, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

TAT Technologies (NASDAQ:TATTGet Free Report) last issued its quarterly earnings data on Monday, November 13th. The aerospace company reported $0.24 earnings per share for the quarter. TAT Technologies had a net margin of 4.55% and a return on equity of 6.15%. The business had revenue of $29.94 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on TAT Technologies in a research note on Thursday, January 4th. They set a “buy” rating on the stock.

View Our Latest Research Report on TATT

About TAT Technologies

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for TAT Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAT Technologies and related companies with MarketBeat.com's FREE daily email newsletter.