Why Kratos Defense & Security Solutions Stock Was Down Today
Shares of Kratos Defense & Security Solutions (NASDAQ: KTOS) fell 10% on Thursday following a Wall Street downgrade. The defense hardware supplier stock has had a good run over the past year, and one analyst feels the price is getting ahead of fundamentals.
Kratos, a maker of drones, defense electronics, and other products for the Pentagon and other government buyers, has seen its shares gain more than 50% in the last year heading into Thursday trading, and up more than 800% over the past five years.
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Source Fool.com
