Tat Technologies saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 97.
The upgrade means the stock is now outpacing 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Tat Technologies has now climbed above a proper buy zone after clearing the 16.24 buy point in a consolidation. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
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One weak spot is the company's 60 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company posted 8% EPS growth. Top line growth came in at 35%, down from 36% in the prior quarter. The company's next quarterly report is expected on or around Mar. 26.
Tat Technologies holds the No. 8 rank among its peers in the Aerospace/Defense industry group. Embraer ADR, Heico and Heico Cl A are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
