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Weakness Seen in Kratos Defense & Security (KTOS): Stock Falls 5.3%

Zacks Equity Research

Kratos Defense & Security Solutions, Inc. (KTOS) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $7.79 to $8.17 in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this security and protection services provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

KTOS currently has a Zacks Rank #4 (Sell) while its  Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Alliant Techsystems Inc. (ATK), Astronics Corporation (ATRO) and BAE Systems plc (BAESY). All these stocks currently sport a Zacks Rank #1 (Strong Buy).  

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ALLIANT TECHSYSTEMS INC (ATK): Free Stock Analysis Report

(ATRO): Free Stock Analysis Report

BAE SYSTEMS SPONS AD (BAESY): Free Stock Analysis Report

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