Redwire (NYSE:RDW) Stock Rating Upgraded by Zacks Investment Research

Redwire (NYSE:RDWGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday, Zacks.com reports.

According to Zacks, “Redwire Corporation provides space solutions and components for the space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. Redwire Corporation, formerly known as Genesis Park Acquisition Corp., is based in JACKSONVILLE, Fla. “

Shares of NYSE:RDW opened at $6.09 on Friday. The firm’s 50 day moving average price is $6.48 and its 200-day moving average price is $7.24. Redwire has a twelve month low of $4.25 and a twelve month high of $16.98. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Redwire by 514.3% during the fourth quarter. Bank of America Corp DE now owns 5,400 shares of the company’s stock worth $36,000 after buying an additional 4,521 shares during the period. Wolverine Asset Management LLC lifted its holdings in Redwire by 53.8% during the fourth quarter. Wolverine Asset Management LLC now owns 12,691 shares of the company’s stock worth $85,000 after buying an additional 4,439 shares during the period. Alliancebernstein L.P. purchased a new stake in Redwire during the fourth quarter worth $101,000. Belvedere Trading LLC purchased a new stake in Redwire during the first quarter worth $103,000. Finally, Squarepoint Ops LLC purchased a new stake in Redwire during the third quarter worth $115,000. 8.76% of the stock is owned by institutional investors and hedge funds.

Redwire Company Profile (Get Rating)

Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial markets in the United States and internationally. It offers space commercialization, digitally engineered spacecraft, and space domain awareness and resiliency technology solutions; advanced sensors and components; and on-orbit servicing, assembly, and manufacturing solutions.

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