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

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

Wall Street Analysts Forecast Growth

GMRS has been the subject of several recent research reports. Bank of America initiated coverage on GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $18.00 price target for the company. Zacks Research raised GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Monday, June 8th. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research note on Tuesday. Finally, Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. One research 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 company’s stock. According to MarketBeat, GMR Solutions has an average rating of “Moderate Buy” and a consensus target price of $18.67.

GMR Solutions Price Performance

The company has a market cap of $724.44 million and a PE ratio of -8.60. The firm has a 50-day simple moving average of $13.53. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50.

GMR Solutions (NYSE:GMRS) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On GMR Solutions

A hedge fund recently bought a new stake in GMR Solutions stock. Two Sigma Securities LLC acquired a new position in GMR Solutions Inc. (NYSE:GMRS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,902 shares of the company’s stock, valued at approximately $169,000.

About GMR Solutions

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.