Kratos Defense & Security Solutions Inc. (KTOS) Sees Unusually-High Trading Volume
Shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) saw an uptick in trading volume on Thursday . 817,574 shares changed hands during trading, a decline of 12% from the previous session’s volume of 928,850 shares.The stock last traded at $7.50 and had previously closed at $7.39.
A number of brokerages have commented on KTOS. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. B. Riley reissued a “buy” rating and set a $9.00 price objective on shares of Kratos Defense & Security Solutions in a report on Monday, May 2nd. Finally, Jefferies Group reissued a “neutral” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 5th.
The firm has a market cap of $456.28 million and a P/E ratio of 24.28. The stock’s 50-day moving average is $5.32 and its 200 day moving average is $4.53.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its 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 firm had revenue of $168.20 million for the quarter, compared to the consensus estimate of $158.93 million. The business’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 firm posted ($0.02) earnings per share. On average, equities research analysts expect that Kratos Defense & Security Solutions Inc. will post ($0.14) earnings per share for the current fiscal year.
In related news, CEO Eric M. Demarco purchased 8,904 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average price of $5.56 per share, with a total value of $49,506.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William A. Hoglund purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was bought at an average cost of $5.89 per share, with a total value of $883,500.00. Following the purchase, the director now owns 325,000 shares of the company’s stock, valued at $1,914,250. The disclosure for this purchase can be found here.
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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