Applied Aerospace & Defense, Inc. (NYSE:AADX – Get Free Report)’s stock price traded down 5.1% during mid-day trading on Monday. The stock traded as low as $10.67 and last traded at $10.79. 250,209 shares were traded during trading, a decline of 86% from the average daily volume of 1,729,795 shares. The stock had previously closed at $11.37.
Analyst Ratings Changes
AADX has been the subject of several recent research reports. Bank of America decreased their price target on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 14th. Jefferies Financial Group set a $20.00 price objective on Applied Aerospace & Defense in a research note on Monday, October 5th. UBS Group set a $24.00 price objective on Applied Aerospace & Defense in a research note on Sunday, June 28th. Stifel Nicolaus assumed coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They set a “buy” rating and a $24.00 price objective on the stock. Finally, Weiss Ratings assumed coverage on shares of Applied Aerospace & Defense in a research note on Friday, August 28th. They issued a “sell (d)” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.44.
View Our Latest Report on Applied Aerospace & Defense
Applied Aerospace & Defense Stock Performance
The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.08 and a current ratio of 2.51. The stock has a market cap of $1.91 billion and a PE ratio of -44.32. The business’s 50 day moving average price is $13.49.
Applied Aerospace & Defense (NYSE:AADX – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($1.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million for the quarter. Equities research analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 earnings per share for the current year.
Institutional Investors Weigh In On Applied Aerospace & Defense
A number of hedge funds have recently made changes to their positions in AADX. Fortitude Family Office LLC purchased a new position in shares of Applied Aerospace & Defense in the 3rd quarter worth about $29,000. Farther Finance Advisors LLC bought a new stake in Applied Aerospace & Defense in the third quarter worth about $29,000. Valeo Financial Advisors LLC purchased a new position in Applied Aerospace & Defense in the third quarter valued at about $120,000. Readystate Asset Management LP bought a new position in shares of Applied Aerospace & Defense during the 2nd quarter valued at approximately $752,000. Finally, Squarepoint Ops LLC bought a new position in shares of Applied Aerospace & Defense during the 2nd quarter valued at approximately $1,232,000.
About Applied Aerospace & Defense
Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.
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