Karman (NYSE:KRMN) Shares Down 16% – Time to Sell?

Karman Holdings Inc. (NYSE:KRMN)’s share price was down 16% on Friday . The stock traded as low as $27.34 and last traded at $27.61. Approximately 1,187,677 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 962,222 shares. The stock had previously closed at $32.85.

Analyst Upgrades and Downgrades

KRMN has been the topic of several research analyst reports. Evercore ISI assumed coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating and a $38.00 price target on the stock. Citigroup started coverage on Karman in a research note on Monday, March 10th. They issued a “buy” rating and a $42.00 target price on the stock. Baird R W raised Karman to a “strong-buy” rating in a research note 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. Finally, Robert W. Baird assumed coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Karman has an average rating of “Buy” and an average target price of $39.50.

Karman Stock Down 15.1 %

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.