GMR Solutions (NYSE:GMRS) Shares Down 3.7% – What’s Next?

GMR Solutions Inc. (NYSE:GMRSGet Free Report) shares dropped 3.7% during mid-day trading on Friday . The stock traded as low as $13.59 and last traded at $13.61. Approximately 123,477 shares traded hands during trading, a decline of 86% from the average session volume of 857,601 shares. The stock had previously closed at $14.14.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore raised shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Monday, June 8th. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. The Goldman Sachs Group set a $30.00 price objective on shares of GMR Solutions in a research report on Tuesday. Morgan Stanley initiated coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued an “equal weight” rating and a $14.00 target price on the stock. Finally, Weiss Ratings initiated coverage on shares of GMR Solutions in a research report on Friday, August 14th. They issued a “sell (d)” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, GMR Solutions currently has an average rating of “Moderate Buy” and an average price target of $18.67.

Read Our Latest Analysis on GMR Solutions

GMR Solutions Price Performance

The business’s 50-day moving average is $13.55. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. The firm has a market cap of $733.05 million and a P/E ratio of -8.70.

GMR Solutions (NYSE:GMRSGet Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. GMR Solutions’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts forecast that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Institutional Trading of GMR Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new position in shares of GMR Solutions during the 2nd quarter valued at about $169,000. Premier Path Wealth Partners LLC bought a new position in shares of GMR Solutions during the 2nd quarter valued at approximately $348,000. Finally, Alyeska Investment Group L.P. purchased a new stake in GMR Solutions in the 2nd quarter worth approximately $36,817,000.

GMR Solutions Company Profile

(Get Free Report)

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.

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