GMR Solutions (NYSE:GMRS) Trading Up 6.6% – What’s Next?

GMR Solutions Inc. (NYSE:GMRS) shares shot 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 trading, a decline of 90% from the average daily volume of 819,881 shares. The stock had previously closed at $12.15.

Analysts Set New Price Targets

GMRS has been the topic of several analyst reports. Barclays began coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $16.00 price target on the stock. UBS Group assumed coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 target price for the company. Needham & Company LLC set a $18.00 price target on GMR Solutions in a report on Monday, June 8th. JPMorgan Chase & Co. began coverage on GMR Solutions in a research report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price objective for the company. Finally, Morgan Stanley started coverage on GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, GMR Solutions currently has an average rating of “Moderate Buy” and an average target price of $18.67.

GMR Solutions Trading Up 4.0%

The company has a market cap of $682.81 million and a price-to-earnings ratio of -8.10. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. The stock’s 50 day moving average price is $13.55.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data 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 firm had revenue of $1.49 billion during the quarter. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that GMR Solutions Inc. will post 1.29 EPS for the current year.

Institutional Investors Weigh In On GMR Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of GMRS. Two Sigma Securities LLC acquired a new position in shares of GMR Solutions in the second quarter valued at about $169,000. Premier Path Wealth Partners LLC acquired a new stake in GMR Solutions in the 2nd quarter worth about $348,000. Readystate Asset Management LP bought a new stake in GMR Solutions in the 2nd quarter valued at about $12,936,000. Finally, Alyeska Investment Group L.P. bought a new stake in GMR Solutions in the 2nd quarter valued at about $36,817,000.

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.