Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) shares dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $4.55 and last traded at $4.62, with a volume of 320,369 shares traded. The stock had previously closed at $4.70.

KTOS has been the topic of a number of research reports. B. Riley restated a “buy” rating and set a $9.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, March 17th. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Finally, Jefferies Group reiterated a “hold” rating and issued a $5.00 target price (up from $4.15) on shares of Kratos Defense & Security Solutions in a research note on Saturday, May 7th.

The company has a market cap of $271.50 million and a P/E ratio of 19.44. The firm’s 50-day moving average is $4.13 and its 200 day moving average is $4.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. During the same quarter last year, the business posted ($0.09) EPS. The company earned $153 million during the quarter, compared to analyst estimates of $154.05 million. The business’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts predict that Kratos Defense & Security Solutions Inc. will post ($0.20) earnings per share for the current fiscal year.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Kratos Defense & Security Solutions by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,139,667 shares of the company’s stock valued at $16,972,000 after buying an additional 308,489 shares during the period. Paradigm Capital Management Inc. NY boosted its position in Kratos Defense & Security Solutions by 19.6% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,220,800 shares of the company’s stock valued at $5,005,000 after buying an additional 200,200 shares during the period. Royce & Associates LLC boosted its position in Kratos Defense & Security Solutions by 3.9% in the fourth quarter. Royce & Associates LLC now owns 3,610,119 shares of the company’s stock valued at $14,801,000 after buying an additional 137,076 shares during the period. Finally, Glacier Peak Capital LLC boosted its position in Kratos Defense & Security Solutions by 14.4% in the fourth quarter. Glacier Peak Capital LLC now owns 293,936 shares of the company’s stock valued at $1,205,000 after buying an additional 36,936 shares during the period.

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

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