TAT Technologies Ltd. (TATT) is one of the best performing stocks in the industrial goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of TATT have climbed 4.19% about 30 minutes into the session to $8.1 after closing the day prior at $7.77. It’s early, but the stock has traded as high as $8.1 and as low as $7.9 so far. Today’s quick advance has come with about 1,100 shares changing hands, compared to an average 30-day volume of 8,767 for TAT Technologies Ltd.. The price is currently below the 30-day volume weighted average price of $7.96 for TATT.
The share appreciation gives the company a market capitalization of $68.48 million based upon 8.81 million shares outstanding. It also means that TATT has a price-to-book ratio of 0.79:1 and a price-to-earnings ratio of 87.4:1.
In the past 52 weeks, shares of TATT have traded as low as $6.35 and as high as $9.19. Technical traders will take note that at $8.1, shares of TATT are trading above their 200-day MA at $7.04 and above their 50-day MA at $7.83. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is TATT?
TAT Technologies Ltd is a provider of services and products to the commercial and military aerospace and ground defence industries. The Company designs, develops, manufactures and sells heat transfer equipment and solutions. The company’s 623 employees are led by CEO Igal Zamir from the corporate headquarters at Re'em Industrial Park.
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