Karman (NYSE:KRMN) Shares Gap Down - Time to Sell?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $56.22, but opened at $52.48. Karman shares last traded at $50.94, with a volume of 289,328 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup reaffirmed a "buy" rating and issued a $58.00 price target (up previously from $46.50) on shares of Karman in a report on Monday, June 9th. Robert W. Baird boosted their price objective on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada upped their target price on shares of Karman from $44.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $49.25.

Karman Price Performance

The company has a quick ratio of 3.23, a current ratio of 3.34 and a debt-to-equity ratio of 1.15. The firm's 50 day moving average price is $46.15.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to analyst estimates of $95.40 million. Karman's revenue was up 20.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KRMN. Vanguard Group Inc. acquired a new position in shares of Karman during the first quarter worth approximately $61,024,000. Price T Rowe Associates Inc. MD bought a new position in Karman in the 1st quarter valued at $58,799,000. Invesco Ltd. bought a new position in Karman in the 1st quarter valued at $50,220,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Karman during the 1st quarter valued at $48,691,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Karman during the 1st quarter valued at $37,182,000.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.

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