Kratos Defense & Security Solutions Inc. (KTOS) Sees Large Volume Increase
Shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) saw unusually-strong trading volume on Thursday . Approximately 817,574 shares traded 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.
Several equities analysts have commented on KTOS shares. B. Riley reiterated a “buy” rating and set a $9.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Monday, May 2nd. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Jefferies Group reiterated a “hold” rating and set a $5.00 price objective (up previously from $4.15) on shares of Kratos Defense & Security Solutions in a research report on Saturday, May 7th.
The stock has a 50 day moving average of $5.41 and a 200-day moving average of $4.56. The stock has a market capitalization of $449.64 million and a PE ratio of 23.92.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.10. The firm had revenue of $168.20 million for the quarter, compared to analysts’ expectations of $158.93 million. Kratos Defense & Security Solutions’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. 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 business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was bought 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 SEC, which is accessible through this link. Also, Director William A. Hoglund purchased 150,000 shares of the business’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 acquisition, the director now owns 325,000 shares in the company, valued at approximately $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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