GMR Solutions (NYSE:GMRS) Sees Large Volume Increase – What’s Next?

GMR Solutions Inc. (NYSE:GMRS) shares saw unusually-strong trading volume on Thursday . Approximately 1,526,820 shares traded hands during trading, an increase of 87% from the previous session’s volume of 815,554 shares.The stock last traded at $13.23 and had previously closed at $12.86.

Wall Street Analyst Weigh In

GMRS has been the subject of several research analyst reports. UBS Group began coverage on GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 price objective for the company. Evercore raised shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Monday, June 8th. Barclays began coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued an “overweight” rating and a $16.00 target price for the company. Bank of America started coverage on GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.22.

GMR Solutions Stock Down 4.2%

The business has a 50-day moving average of $13.37. The firm has a market capitalization of $722.14 million and a P/E ratio of 47.75. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 5.50.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The firm had revenue of $1.49 billion for the quarter. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that GMR Solutions Inc. will post 1.57 earnings per share for the current year.

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.