Novume Solutions (NVMM) Reaches New 12-Month Low at $0.60

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

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

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 (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 for the quarter, compared to analyst estimates of $14.60 million. Sell-side analysts forecast that Novume Solutions Inc will post -0.29 earnings per share for the current year.

A hedge fund recently bought a new stake in Novume Solutions stock. Stanley Laman Group Ltd. purchased a new stake in shares of Novume Solutions Inc (NASDAQ:NVMM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

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About Novume Solutions (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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