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

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

Analyst Ratings Changes

Several research analysts have issued reports on KRMN shares. Baird R W upgraded Karman to a “strong-buy” rating in a report on Monday, March 10th. William Blair started coverage on Karman in a report on Monday, March 10th. They issued an “outperform” rating on the stock. Citigroup started coverage on Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price target on the stock. Robert W. Baird initiated coverage on Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Karman has a consensus rating of “Buy” and an average price target of $38.75.

Karman Price Performance

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.