Novume Solutions (NVMM) Reaches New 1-Year Low at $0.60

Novume Solutions Inc (NASDAQ:NVMM) reached a new 52-week low during trading on Monday . The company traded as low as $0.60 and last traded at $0.63, with a volume of 300 shares. The stock had previously closed at $0.65.

Separately, Zacks Investment Research cut shares of Novume Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 18th.

The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 1.25.

Novume Solutions (NASDAQ:NVMM) last posted its quarterly earnings results on Tuesday, November 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $13.15 million during the quarter, compared to analysts’ expectations of $14.60 million. Novume Solutions had a negative net margin of 14.30% and a negative return on equity of 276.82%. On average, research analysts anticipate that Novume Solutions Inc will post -0.29 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Novume Solutions stock. Stanley Laman Group Ltd. purchased a new position in Novume Solutions Inc (NASDAQ:NVMM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

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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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