On 3/7/24, TAT Technologies Ltd (NASDAQ: TATT) stock suffered a major decline of -10.7%, closing at $11.88. Moreover, exceptionally high trading volume at 345% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.4% during the last week.
Current PriceTarget Research Rating
TATT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
TAT Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. TAT Technologies has a very low Appreciation Score of 13 but a very high Power Rating of 97, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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