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.
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