GMR Solutions (NYSE:GMRS) Sees Strong Trading Volume – Still a Buy?

GMR Solutions Inc. (NYSE:GMRS) saw unusually-strong trading volume on Thursday . Approximately 1,526,820 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

GMRS has been the subject of a number of research reports. UBS Group started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 price target for the company. Barclays started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $16.00 price objective on the stock. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a report on Monday, June 8th. Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Monday, June 8th. Finally, Bank of America started coverage on GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.22.

GMR Solutions Stock Performance

The company has a debt-to-equity ratio of 23.39, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market cap of $714.01 million and a P/E ratio of 47.21. The business has a 50-day simple moving average of $13.26.

GMR Solutions (NYSE:GMRS) last announced 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 business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that GMR Solutions Inc. will post 1.57 EPS for the current fiscal year.

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.