Shares of Novume Solutions Inc (NASDAQ:NVMM) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $4.75 for the company, according to Zacks. Zacks has also assigned Novume Solutions an industry rank of 63 out of 257 based on the ratings given to related companies.

Separately, Zacks Investment Research cut shares of Novume Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th.

An institutional investor recently bought a new position in Novume Solutions stock. Stanley Laman Group Ltd. acquired a new position in shares of Novume Solutions Inc (NASDAQ:NVMM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 315,625 shares of the company’s stock, valued at approximately $385,000. Stanley Laman Group Ltd. owned 2.17% of Novume Solutions as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 2.91% of the company’s stock.

NASDAQ NVMM traded up $0.02 on Wednesday, hitting $0.68. 71,200 shares of the stock were exchanged, compared to its average volume of 30,674. Novume Solutions has a 52-week low of $0.60 and a 52-week high of $5.50. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 1.25.

Novume Solutions (NASDAQ:NVMM) last posted its quarterly earnings data on Tuesday, November 13th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Novume Solutions had a negative net margin of 14.30% and a negative return on equity of 276.82%. The firm had revenue of $13.15 million for the quarter, compared to analysts’ expectations of $14.60 million. Sell-side analysts forecast that Novume Solutions will post -0.29 earnings per share for the current year.

Novume Solutions Company Profile

Novume Solutions, Inc, through its subsidiaries, provides consulting and technical support services to government contracting market in the United States. It offers market intelligence and opportunity identification, capture and strategic advisory, proposal strategy and development, teaming support, and managed human capital services to assist government contractors.

Further Reading: Beta

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