Zacks Investment Research Lowers Novume Solutions (NASDAQ:NVMM) to Sell

Novume Solutions (NASDAQ:NVMM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, September 12th.

According to Zacks, “Novume Solutions, Inc. is a holding company of professional services firms. The company focuses on the logistics of procuring highly-specialized human resources and delivering critical definitive knowledge to the right place at the right time. Novume Solutions, Inc. is headquartered in Chantilly, Virginia. “

Separately, Northland Securities initiated coverage on Novume Solutions in a research report on Tuesday, July 10th. They set an “outperform” rating and a $4.75 price objective for the company.

Shares of NVMM stock traded down $0.12 on Wednesday, reaching $1.25. 4,182 shares of the company’s stock traded hands, compared to its average volume of 9,700. Novume Solutions has a 12-month low of $1.12 and a 12-month high of $5.50. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92.

Novume Solutions (NASDAQ:NVMM) last issued its quarterly earnings results on Tuesday, August 14th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $12.34 million for the quarter, compared to the consensus estimate of $12.00 million. Novume Solutions had a negative return on equity of 210.88% and a negative net margin of 18.26%. Equities analysts predict that Novume Solutions will post -0.29 earnings per share for the current year.

About Novume Solutions

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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