Redwire (NYSE:RDW) Upgraded at Zacks Investment Research

Redwire (NYSE:RDWGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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. “

NYSE:RDW opened at $3.76 on Friday. The stock’s 50 day moving average price is $6.37 and its 200 day moving average price is $7.02. Redwire has a 52 week low of $3.65 and a 52 week high of $16.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.08.

A number of large investors have recently added to or reduced their stakes in the stock. Broad Bay Capital Management LP bought a new stake in Redwire during the third quarter worth approximately $24,075,000. Senvest Management LLC bought a new stake in Redwire during the fourth quarter worth approximately $6,075,000. King Luther Capital Management Corp bought a new stake in Redwire during the third quarter worth approximately $4,815,000. Towerview LLC bought a new stake in Redwire during the third quarter worth approximately $4,767,000. Finally, Cohanzick Management LLC bought a new stake in Redwire during the third quarter worth approximately $3,852,000. Hedge funds and other institutional investors own 8.76% of the company’s stock.

About Redwire (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.

Further Reading

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