T A T Tech Ltd (NASDAQ:TATT):
TAT Technologies Reports Continued Improvement in Q3 2017.
In the market the company is trading down by 0.92% since yesterday’s close of 10.85.
TAT Technologies Ltd., together with its subsidiaries, provides various products and services to the commercial and military aerospace, and defense industries worldwide. The company operates through four segments: Original Equipment Manufacturing; Heat Transfer Services and Products; Maintenance, Repair and Overhaul Services for Aviation Components; and Overhaul and Coating of Jet Engine Components. It designs, develops, manufactures, and sells heat transfer products, such as heat exchangers, pre-coolers, and oil/fuel hydraulic coolers for use in mechanical and electronic systems on board commercial, military, and business aircraft; manufactures and sells environmental control and cooling systems on board aircraft and for ground applications; and other electronic and mechanical aircraft accessories and systems, such as pumps, valves, power systems, and turbines, as well as provides flow control accessories. The company also provides maintenance, repair, and overhaul (MRO) services for heat transfer products; and aircraft component MRO services for auxiliary power units, landing gear, and other aircraft components serving airlines, air cargo carriers, maintenance service centers, and the military. In addition, it specializes in overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes, afterburner flaps, and other components. The company was formerly known as Galagraph Ltd. and changed its name to TAT Technologies Ltd. in May 1992. TAT Technologies Ltd. was founded in 1985 and is based in Gedera, Israel..
The company’s P/E ratio is 22.20 and market cap is 94.91M. In the last earnings report the EPS was $0.48 with 8.83M shares outstanding.
Investors are feeling more bullish on shares of T A T Tech Ltd recently as inferred by the downtick in short interest. The company had a fall in short interest of -76.89% as of the latest report on October 13, 2017. Short interest decreased 1,883 over that timeframe. The days to cover decreased to 0.0 and the percentage of shorted shares was 0.00% on October 13.