GMR Solutions (NYSE:GMRS) Stock Price Down 3.7% - Time to Sell?

Key Points

• GMRS shares fell 3.7% to $13.61, with trading volume down 86% from the average daily level. The stock’s market capitalization is approximately $724.4 million.
• Analyst views remain mixed, but the overall consensus is a “Moderate Buy” with an average price target of $18.67, well above the current price. Targets range from $18 to $30, while Weiss Ratings assigned a “sell” rating.
• GMR Solutions reported a quarterly loss of $1.84 per share, missing estimates by $2.22, although revenue rose 3.3% year over year to $1.49 billion. The company also carries a high debt-to-equity ratio of 5.50.

GMR Solutions Inc. (NYSE:GMRS - Get Free Report)'s stock price dropped 3.7% during trading on Friday . The company traded as low as $13.59 and last traded at $13.61. 123,477 shares changed hands during trading, a decline of 86% from the average daily volume of 857,601 shares. The stock had previously closed at $14.14.

Analysts Set New Price Targets

GMRS has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of GMR Solutions to a "hold" rating in a report on Tuesday, June 9th. Weiss Ratings assumed coverage on GMR Solutions in a research note on Friday, August 14th. They set a "sell (d)" rating on the stock. Bank of America began coverage on GMR Solutions in a report on Monday, June 8th. They issued a "buy" rating and a $18.00 target price for the company. Evercore upgraded GMR Solutions to a "strong-buy" rating and set a $20.00 price target for the company in a research note on Monday, June 8th. Finally, The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GMR Solutions currently has an average rating of "Moderate Buy" and an average price target of $18.67.

GMR Solutions Trading Down 5.2%

The stock has a market cap of $724.44 million and a price-to-earnings ratio of -8.60. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The company's 50 day moving average price is $13.53.

GMR Solutions (NYSE:GMRS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.49 billion for the quarter. The firm's quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GMR Solutions stock. Two Sigma Securities LLC acquired a new stake in shares of GMR Solutions Inc. (NYSE:GMRS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,902 shares of the company's stock, valued at approximately $169,000.

GMR Solutions Company Profile

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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