Kratos Defense & Security Solutions (KTOS) Trading Up 5.3%

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Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares were up 5.3% during trading on Wednesday . The company traded as high as $20.77 and last traded at $20.46. Approximately 3,675,383 shares changed hands during mid-day trading, an increase of 234% from the average daily volume of 1,098,974 shares. The stock had previously closed at $19.43.

A number of research analysts recently commented on KTOS shares. ValuEngine raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. B. Riley lifted their price objective on Kratos Defense & Security Solutions to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Seaport Global Securities reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, February 11th. Canaccord Genuity lifted their price objective on Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.49.

The company has a quick ratio of 2.29, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.14 billion, a PE ratio of 118.18, a P/E/G ratio of 10.10 and a beta of 1.87.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. The business had revenue of $160.40 million for the quarter, compared to the consensus estimate of $153.24 million. During the same quarter in the previous year, the company posted $0.05 EPS. Equities analysts predict that Kratos Defense & Security Solutions, Inc will post 0.27 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at approximately $31,000. PNC Financial Services Group Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at approximately $31,000. Marshall Wace LLP bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at approximately $35,000. US Bancorp DE increased its position in shares of Kratos Defense & Security Solutions by 2,762.0% during the 1st quarter. US Bancorp DE now owns 2,862 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 2,762 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Kratos Defense & Security Solutions by 141.9% during the 1st quarter. Fifth Third Bancorp now owns 3,629 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 2,129 shares during the last quarter. 87.85% of the stock is currently owned by institutional investors and hedge funds.

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About Kratos Defense & Security Solutions (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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