Weiss Ratings Reiterates "Sell (D-)" Rating for Redwire (NYSE:RDW)

Redwire (NYSE:RDW - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on RDW. HC Wainwright restated a "buy" rating and set a $22.00 price target (down previously from $26.00) on shares of Redwire in a research note on Friday, August 8th. Canaccord Genuity Group cut their price target on Redwire from $21.00 to $17.50 and set a "buy" rating for the company in a research note on Monday, August 11th. Roth Capital restated a "buy" rating on shares of Redwire in a research note on Tuesday, June 24th. B. Riley cut their price target on Redwire from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Wall Street Zen cut Redwire from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.07.

Redwire Stock Performance

Shares of RDW opened at $9.79 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.41 billion, a PE ratio of -3.01 and a beta of 2.47. The company's 50 day simple moving average is $9.53 and its 200-day simple moving average is $12.16. Redwire has a 12-month low of $6.61 and a 12-month high of $26.66.

Redwire (NYSE:RDW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.28). Redwire had a negative return on equity of 32.67% and a negative net margin of 71.95%.The company had revenue of $61.76 million for the quarter, compared to analysts' expectations of $80.48 million. As a group, equities analysts predict that Redwire will post -0.85 EPS for the current year.

Insider Transactions at Redwire

In other Redwire news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $7.83, for a total value of $86,130,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company's stock.

Institutional Trading of Redwire

Several large investors have recently bought and sold shares of RDW. KLP Kapitalforvaltning AS acquired a new stake in Redwire in the first quarter valued at $42,000. FNY Investment Advisers LLC acquired a new stake in Redwire in the first quarter valued at $47,000. GAMMA Investing LLC grew its holdings in Redwire by 69,077.8% in the first quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock valued at $52,000 after purchasing an additional 6,217 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Redwire in the second quarter valued at $54,000. Finally, SBI Securities Co. Ltd. grew its holdings in Redwire by 1,172.5% in the first quarter. SBI Securities Co. Ltd. now owns 8,106 shares of the company's stock valued at $67,000 after purchasing an additional 7,469 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.

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