Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) shares rose 19.1% during trading on Friday . The company traded as high as $5.54 and last traded at $5.42, with a volume of 2,143,251 shares changing hands. The stock had previously closed at $4.55.

KTOS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “sell” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Tuesday, May 10th. Jefferies Group reiterated a “neutral” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 5th. Finally, B. Riley reiterated a “buy” rating and issued a $9.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday.

The stock has a 50-day moving average price of $4.35 and a 200-day moving average price of $4.19. The stock has a market cap of $321.02 million and a PE ratio of 22.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.10. The business earned $168.20 million during the quarter, compared to analysts’ expectations of $158.93 million. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share. Analysts expect that Kratos Defense & Security Solutions Inc. will post ($0.14) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Kratos Defense & Security Solutions stock. Paradigm Capital Management Inc. NY increased its position in Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) by 19.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,220,800 shares of the company’s stock after buying an additional 200,200 shares during the period. Paradigm Capital Management Inc. NY owned about 2.07% of Kratos Defense & Security Solutions worth $5,005,000 as of its most recent SEC filing.

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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