GMR Solutions (NYSE:GMRS) Trading Up 6.6% – Time to Buy?

GMR Solutions Inc. (NYSE:GMRS) shares traded up 6.6% on Tuesday . The company traded as high as $12.95 and last traded at $12.95. 80,700 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 819,881 shares. The stock had previously closed at $12.15.

Analysts Set New Price Targets

Several research firms recently commented on GMRS. UBS Group started coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price on the stock. Evercore raised GMR Solutions to a “strong-buy” rating and set a $20.00 price target for the company in a report on Monday, June 8th. Barclays started coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $16.00 price objective on the stock. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research report on Tuesday, August 18th. Finally, Needham & Company LLC set a $18.00 target price on GMR Solutions in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.67.

GMR Solutions Stock Down 0.7%

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 stock has a market capitalization of $695.78 million and a price-to-earnings ratio of -8.26. The firm’s fifty day moving average is $13.53.

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

Institutional Investors Weigh In On GMR Solutions

Several hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC purchased a new stake in GMR Solutions during the 2nd quarter valued at approximately $169,000. Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions in the second quarter valued at approximately $348,000. Readystate Asset Management LP purchased a new stake in shares of GMR Solutions during the second quarter worth approximately $12,936,000. Alyeska Investment Group L.P. purchased a new stake in shares of GMR Solutions during the second quarter worth approximately $36,817,000. Finally, Citadel Advisors LLC acquired a new stake in shares of GMR Solutions during the second quarter worth $49,284,000.

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.