Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.28 and last traded at $24.16, with a volume of 27142 shares. The stock had previously closed at $24.11.

KTOS has been the topic of a number of recent analyst reports. Citigroup reduced their price target on Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. Robert W. Baird initiated coverage on ANCHIANO THERAP/S in a research report on Tuesday, May 28th. They set an “outperform” rating and a $12.00 price target on the stock. Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and upped their price target for the stock from $48.00 to $52.00 in a research report on Thursday, June 6th. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. raised from a “neutral” rating to an “overweight” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $22.42.

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’s 50-day simple moving average is $22.46. The stock has a market capitalization of $2.54 billion, a PE ratio of 141.24, a price-to-earnings-growth ratio of 11.90 and a beta of 1.27.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $160.40 million for the quarter, compared to the consensus estimate of $153.24 million. During the same period in the prior year, the firm earned $0.05 EPS. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.27 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $31,000. PNC Financial Services Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $31,000. Marshall Wace LLP acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $35,000. Advisory Services Network LLC increased its position in shares of Kratos Defense & Security Solutions by 795.6% in the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 3,978 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $81,000. 83.45% of the stock is currently owned by hedge funds and other institutional investors.

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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