Kratos Defense & Security Solutions Inc. (KTOS) Shares Gap Up to $7.16
Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) gapped up prior to trading on Wednesday . The stock had previously closed at $7.15, but opened at $7.16. Kratos Defense & Security Solutions shares last traded at $7.49, with a volume of 530,860 shares changing hands.
Several brokerages have commented on KTOS. B. Riley reaffirmed a “buy” rating and issued a $9.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, August 9th. Jefferies Group reaffirmed a “neutral” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 5th. Finally, Zacks Investment Research downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th.
The stock has a 50 day moving average of $5.32 and a 200 day moving average of $4.53. The company has a market capitalization of $453.26 million and a P/E ratio of 24.12.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.10. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The company had revenue of $168.20 million for the quarter, compared to the consensus estimate of $158.93 million. The company’s revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that Kratos Defense & Security Solutions Inc. will post ($0.14) EPS for the current fiscal year.
In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 8,904 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $5.56 per share, for a total transaction of $49,506.24. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William A. Hoglund bought 150,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average price of $5.89 per share, for a total transaction of $883,500.00. Following the completion of the transaction, the director now owns 325,000 shares in the company, 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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