York Space Systems (NYSE:YSS) Reaches New 12-Month Low – Here’s Why

York Space Systems Inc. (NYSE:YSS) shares reached a new 52-week low during trading on Thursday. The stock traded as low as $5.50 and last traded at $5.5080, with a volume of 327,571 shares changing hands. The stock had previously closed at $6.09.

Analysts Set New Price Targets

YSS has been the topic of a number of recent research reports. Craig Hallum started coverage on York Space Systems in a report on Wednesday, August 26th. They issued a “hold” rating and a $11.00 target price on the stock. Needham & Company LLC decreased their price target on York Space Systems from $33.00 to $18.00 and set a “buy” rating for the company in a report on Friday, August 14th. Wells Fargo & Company lowered their price objective on shares of York Space Systems from $35.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, August 31st. Barclays started coverage on shares of York Space Systems in a research note on Friday, October 9th. They issued an “equal weight” rating and a $11.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of York Space Systems in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, York Space Systems has an average rating of “Hold” and a consensus target price of $16.35.

York Space Systems Price Performance

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 company has a 50-day simple moving average of $7.61 and a 200-day simple moving average of $19.83. The company has a market cap of $861.80 million and a price-to-earnings ratio of -10.63.

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

Institutional Investors Weigh In On York Space Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of YSS. 71 West Capital Partners acquired a new position in shares of York Space Systems during the 3rd quarter worth $44,764,000. Tidal Investments LLC acquired a new stake in shares of York Space Systems in the second quarter valued at about $45,381,000. Nissay Asset Management Corp Japan acquired a new stake in shares of York Space Systems in the second quarter valued at about $8,497,000. Bank of America Corp DE lifted its stake in shares of York Space Systems by 234.2% in the second quarter. Bank of America Corp DE now owns 370,425 shares of the company’s stock valued at $9,120,000 after purchasing an additional 259,577 shares during the period. Finally, BlackRock Inc. boosted its holdings in York Space Systems by 1.1% during the second quarter. BlackRock Inc. now owns 19,212,689 shares of the company’s stock worth $473,016,000 after buying an additional 200,250 shares in the last quarter.

York Space Systems Company Profile

York Space Systems is a space technology company that designs, manufactures and operates spacecraft and satellite systems. Its business focuses on providing standardized, scalable satellite platforms that can support communications, remote sensing, scientific missions and national security applications.

The company’s product portfolio includes modular satellite buses, integrated spacecraft and mission systems, as well as related engineering, manufacturing and operational services. York’s platforms are designed to accommodate different payloads and mission requirements, allowing customers to deploy constellations and other space-based capabilities more efficiently.

Founded in 2015, York Space Systems serves government and commercial customers and has developed spacecraft for missions in low Earth orbit and other orbital environments.