Novume Solutions Inc (NVMM) Given $4.75 Average Target Price by Analysts

Novume Solutions Inc (NASDAQ:NVMM) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $4.75 for the company, according to Zacks. Zacks has also given Novume Solutions an industry rank of 49 out of 257 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Novume Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th.

An institutional investor recently bought a new position in Novume Solutions stock. Stanley Laman Group Ltd. purchased a new stake in Novume Solutions Inc (NASDAQ:NVMM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 315,625 shares of the company’s stock, valued at approximately $385,000. Stanley Laman Group Ltd. owned approximately 2.17% of Novume Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

NASDAQ NVMM opened at $0.65 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.15 and a quick ratio of 1.14. Novume Solutions has a 1-year low of $0.60 and a 1-year high of $5.50.

Novume Solutions (NASDAQ:NVMM) last released its quarterly earnings results on Tuesday, November 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $13.15 million during the quarter, compared to the consensus estimate of $14.60 million. As a group, sell-side analysts anticipate that Novume Solutions will post -0.29 EPS 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.

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