Applied Aerospace & Defense (NYSE:AADX) Sets New 52-Week Low - Should You Sell?

Key Points

• Applied Aerospace & Defense hit a new 52-week low, trading as low as $11.25 and last changing hands at $11.65, well below its 50-day moving average of $15.01.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $24.67, implying substantial upside from current levels.
• The company reported a significant quarterly earnings miss, posting a loss of $1.04 per share versus expectations for $0.01 in earnings, while generating $167.32 million in revenue.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report)'s share price reached a new 52-week low on Tuesday. The company traded as low as $11.25 and last traded at $11.65, with a volume of 223592 shares. The stock had previously closed at $11.51.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AADX shares. Royal Bank Of Canada began coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a "moderate buy" rating and a $24.00 price target for the company. Wolfe Research initiated coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They issued an "outperform" rating and a $23.00 target price on the stock. Robert W. Baird initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They set an "outperform" rating and a $30.00 price target for the company. Stifel Nicolaus assumed coverage on shares of Applied Aerospace & Defense in a research note on Monday, June 29th. They set a "buy" rating and a $24.00 price objective for the company. Finally, Zacks Research raised shares of Applied Aerospace & Defense to a "hold" rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.67.

Applied Aerospace & Defense Stock Performance

The business's 50-day moving average price is $15.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. Equities analysts predict that Applied Aerospace & Defense, Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Trading of Applied Aerospace & Defense

A number of institutional investors have recently bought and sold shares of AADX. Squarepoint Ops LLC acquired a new position in Applied Aerospace & Defense during the 2nd quarter valued at approximately $1,232,000. Readystate Asset Management LP purchased a new position in Applied Aerospace & Defense in the 2nd quarter worth $752,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Applied Aerospace & Defense in the 2nd quarter worth $3,044,000. Finally, Wellington Management Group LLP acquired a new stake in Applied Aerospace & Defense during the 2nd quarter worth about $8,373,000.

About Applied Aerospace & Defense

Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.

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