Applied Aerospace & Defense (NYSE:AADX) Hits New 1-Year Low – Time to Sell?

Applied Aerospace & Defense, Inc. (NYSE:AADX)’s stock price reached a new 52-week low on Monday. The stock traded as low as $10.86 and last traded at $10.88, with a volume of 806,566 shares trading hands. The stock had previously closed at $11.45.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Applied Aerospace & Defense from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Bank of America cut their target price on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, August 14th. UBS Group set a $24.00 target price on Applied Aerospace & Defense in a report on Sunday, June 28th. Finally, Zacks Research raised shares of Applied Aerospace & Defense to a “hold” rating in a research report on Tuesday, June 30th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Applied Aerospace & Defense Trading Up 4.6%

The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.88 billion and a PE ratio of -43.60. The business’s fifty day moving average price is $14.10.

Applied Aerospace & Defense (NYSE:AADX) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. Equities research analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current year.

Institutional Investors Weigh In On Applied Aerospace & Defense

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in Applied Aerospace & Defense in the second quarter valued at about $8,373,000. B. Metzler seel. Sohn & Co. AG bought a new position in Applied Aerospace & Defense in the second quarter valued at approximately $3,044,000. Squarepoint Ops LLC acquired a new position in shares of Applied Aerospace & Defense in the second quarter valued at approximately $1,232,000. Readystate Asset Management LP bought a new stake in shares of Applied Aerospace & Defense during the second quarter worth $752,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Applied Aerospace & Defense during the third quarter worth $120,000.

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.