Kratos Defense & Security Solutions Inc. (KTOS) Sets New 1-Year High at $7.22
Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $7.22 and last traded at $7.18, with a volume of 766,709 shares traded. The stock had previously closed at $6.87.
Several brokerages have commented on KTOS. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, August 9th. Jefferies Group restated a “neutral” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 5th. Finally, Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, May 5th.
The firm has a 50 day moving average price of $5.14 and a 200-day moving average price of $4.49. The firm has a market cap of $432.71 million and a PE ratio of 23.02.
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 analysts’ consensus estimates of ($0.07) by $0.10. The company had revenue of $168.20 million for the quarter, compared to analysts’ expectations of $158.93 million. During the same period in the previous year, the business posted ($0.02) earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Kratos Defense & Security Solutions Inc. will post ($0.14) earnings per share for the current fiscal year.
In other Kratos Defense & Security Solutions news, Director William A. Hoglund bought 150,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of $5.89 per share, with a total value of $883,500.00. Following the completion of the acquisition, the director now owns 325,000 shares in the company, valued at approximately $1,914,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William A. Hoglund bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average cost of $5.59 per share, with a total value of $279,500.00. Following the completion of the acquisition, the director now owns 250,000 shares of the company’s stock, valued at approximately $1,397,500. 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.