Novume Solutions Inc (NASDAQ:NVMM)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $0.60 and last traded at $0.70, with a volume of 100 shares trading hands. The stock had previously closed at $0.72.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Novume Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Northland Securities assumed coverage on shares of Novume Solutions in a report on Tuesday, July 10th. They set an “outperform” rating and a $4.75 target price for the company.
The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.92.
Novume Solutions (NASDAQ:NVMM) last posted its earnings results on Tuesday, August 14th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The firm had revenue of $12.34 million during the quarter, compared to analyst estimates of $12.00 million. Novume Solutions had a negative net margin of 18.26% and a negative return on equity of 210.88%. Equities analysts expect that Novume Solutions Inc will post -0.29 earnings per share for the current year.
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) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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 SEC. Institutional investors own 0.50% of the company’s stock.
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Novume Solutions Company Profile (NASDAQ:NVMM)
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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