GMR Solutions (NYSE:GMRS) Sees Large Volume Increase – Here’s Why

Shares of GMR Solutions Inc. (NYSE:GMRS) saw unusually-strong trading volume on Thursday . Approximately 1,526,820 shares were traded 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 Ratings Changes

GMRS has been the subject of a number of recent analyst reports. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research report on Monday, June 8th. Barclays assumed coverage on GMR Solutions in a report on Monday, June 8th. They set an “overweight” rating and a $16.00 price target on the stock. The Goldman Sachs Group initiated coverage on GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $35.00 price objective on the stock. Citigroup initiated coverage on GMR Solutions in a research note on Sunday, June 7th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Wall Street Zen raised GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.22.

GMR Solutions Price Performance

The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 23.39. The company’s 50 day simple moving average is $13.26. The stock has a market cap of $714.01 million and a PE ratio of 47.21.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate 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% on a year-over-year basis. As a group, equities analysts forecast that GMR Solutions Inc. will post 1.57 earnings per share 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.