York Space Systems (NYSE:YSS) Shares Down 10.4% – Should You Sell?

York Space Systems Inc. (NYSE:YSS) traded down 10.4% during mid-day trading on Thursday. The stock traded as low as $6.61 and last traded at $6.4890. Approximately 1,237,953 shares traded hands during trading, a decline of 45% from the average session volume of 2,270,634 shares. The stock had previously closed at $7.24.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on YSS shares. Piper Sandler reduced their price target on York Space Systems from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Wall Street Zen lowered shares of York Space Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d)” rating on shares of York Space Systems in a report on Wednesday, August 12th. Jefferies Financial Group lowered their price target on York Space Systems from $32.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, The Goldman Sachs Group set a $14.00 target price on shares of York Space Systems in a report on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.12.

York Space Systems Stock Performance

The company has a market capitalization of $902.72 million and a P/E ratio of -11.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.05 and a current ratio of 5.34. The business’s fifty day simple moving average is $7.50 and its 200-day simple moving average is $19.63.

York Space Systems (NYSE:YSS) last posted its earnings results on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.12). The firm had revenue of $92.55 million during the quarter. As a group, equities analysts anticipate that York Space Systems Inc. will post -1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On York Space Systems

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new stake in York Space Systems during the third quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of York Space Systems in the 3rd quarter worth approximately $25,000. Sterling Capital Management LLC boosted its holdings in shares of York Space Systems by 4,356.7% in the 3rd quarter. Sterling Capital Management LLC now owns 2,986 shares of the company’s stock worth $26,000 after purchasing an additional 2,919 shares during the period. SBI Securities Co. Ltd. increased its position in shares of York Space Systems by 63.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 1,932 shares during the last quarter. Finally, Persistent Asset Partners Ltd bought a new position in shares of York Space Systems during the 2nd quarter valued at approximately $53,000.

York Space Systems Company Profile

York Space Systems designs, manufactures and operates spacecraft and related systems. Its offerings include satellite platforms, spacecraft integration, mission operations and ground-system services for customers developing and operating satellite missions. The company’s product portfolio includes standardized spacecraft platforms designed to support a range of payloads and mission requirements. York serves government and commercial customers, including organizations involved in national security, civil space and communications missions.