Karman (NYSE:KRMN) Stock Price Down 9.1% - Should You Sell?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price was down 9.1% during mid-day trading on Monday . The company traded as low as $31.70 and last traded at $31.70. Approximately 224,760 shares changed hands during trading, a decline of 78% from the average daily volume of 1,016,740 shares. The stock had previously closed at $34.89.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRMN. William Blair started coverage on shares of Karman in a report on Monday, March 10th. They issued an "outperform" rating for the company. Baird R W raised Karman to a "strong-buy" rating in a report on Monday, March 10th. Evercore ISI initiated coverage on Karman in a report on Monday, March 10th. They issued an "outperform" rating and a $38.00 target price on the stock. Royal Bank of Canada lifted their price target on Karman from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird began coverage on shares of Karman in a research report on Monday, March 10th. They issued an "outperform" rating and a $40.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $39.50.

Karman Stock Up 4.5 %

The business's 50 day moving average price is $32.34.

About Karman

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.