Karman (NYSE:KRMN) Trading Down 7% – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN)’s stock price traded down 7% during mid-day trading on Friday . The company traded as low as $33.13 and last traded at $33.47. 219,771 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 779,626 shares. The stock had previously closed at $35.99.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore ISI assumed coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price for the company. Baird R W upgraded Karman to a “strong-buy” rating in a research report on Monday, March 10th. Robert W. Baird assumed coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price target for the company. Citigroup assumed coverage on Karman in a research report on Monday, March 10th. They issued a “buy” rating and a $42.00 price target for the company. Finally, William Blair assumed coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $38.75.

Karman Stock Down 4.9 %

Karman Company Profile

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.