Applied Aerospace & Defense (NYSE:AADX) Reaches New 12-Month Low – Should You Sell?

Applied Aerospace & Defense, Inc. (NYSE:AADX) reached a new 52-week low during trading on Thursday. The stock traded as low as $10.07 and last traded at $10.21, with a volume of 253,972 shares traded. The stock had previously closed at $10.58.

Wall Street Analyst Weigh In

AADX has been the topic of a number of recent analyst reports. Guggenheim assumed coverage on Applied Aerospace & Defense in a report on Monday, September 14th. They set a “buy” rating and a $30.00 price target on the stock. Jefferies Financial Group set a $20.00 price objective on Applied Aerospace & Defense in a report on Monday, October 5th. Weiss Ratings started coverage on Applied Aerospace & Defense in a research report on Friday, August 28th. They issued a “sell (d)” rating on the stock. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, UBS Group set a $24.00 price target on Applied Aerospace & Defense in a research report on Sunday, June 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.44.

Applied Aerospace & Defense Stock Performance

The company has a market capitalization of $1.70 billion and a PE ratio of -39.56. The stock’s 50 day moving average price is $12.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.08 and a current ratio of 2.51.

Applied Aerospace & Defense (NYSE:AADX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The firm had revenue of $167.32 million for the quarter. Sell-side analysts predict that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On Applied Aerospace & Defense

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its stake in shares of Applied Aerospace & Defense by 1,171.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,199 shares of the company’s stock worth $26,000 after buying an additional 2,026 shares in the last quarter. Fortitude Family Office LLC bought a new position in Applied Aerospace & Defense during the third quarter valued at about $29,000. Farther Finance Advisors LLC bought a new position in Applied Aerospace & Defense during the third quarter valued at about $29,000. Valeo Financial Advisors LLC acquired a new position in Applied Aerospace & Defense during the third quarter worth about $120,000. Finally, Readystate Asset Management LP acquired a new position in Applied Aerospace & Defense during the second quarter worth about $752,000.

Applied Aerospace & Defense Company Profile

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.