Karman (NYSE:KRMN) Hits New 12-Month Low - Time to Sell?

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.03 and last traded at $25.65, with a volume of 60434 shares. The stock had previously closed at $27.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KRMN shares. Evercore ISI initiated coverage on shares of Karman in a research note on Monday, March 10th. They issued an "outperform" rating and a $38.00 target price on the stock. Baird R W raised shares of Karman to a "strong-buy" rating in a report on Monday, March 10th. Citigroup began coverage on shares of Karman in a research note on Monday, March 10th. They set a "buy" rating and a $42.00 target price on the stock. Royal Bank of Canada upped their price objective on Karman from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Finally, Robert W. Baird assumed coverage on Karman in a research note on Monday, March 10th. They set an "outperform" rating and a $40.00 price objective for the company. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $39.50.

Karman Trading Up 2.8 %

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.