Shares of GMS Inc (NYSE:GMS) shot up 5.2% during mid-day trading on Thursday . The stock traded as high as $19.76 and last traded at $19.70. 1,286,233 shares were traded during trading, an increase of 123% from the average session volume of 576,690 shares. The stock had previously closed at $18.73.
Several brokerages have recently issued reports on GMS. Royal Bank of Canada set a $23.00 price objective on shares of GMS and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a research report on Tuesday, May 28th. Nomura reissued a “neutral” rating and set a $20.00 price objective (down previously from $27.00) on shares of GMS in a research report on Thursday, May 16th. Finally, TheStreet raised shares of GMS from a “d+” rating to a “c-” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.22.
The firm has a market capitalization of $795.38 million, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.90 and a beta of 2.16. The business’s 50-day simple moving average is $18.34. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.76 and a current ratio of 2.85.
Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in GMS by 69.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock valued at $26,000 after acquiring an additional 714 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in GMS in the fourth quarter valued at $32,000. Royce & Associates LP acquired a new stake in GMS in the first quarter valued at $36,000. Quantamental Technologies LLC acquired a new stake in GMS in the first quarter valued at $110,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in GMS by 373.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,495 shares of the company’s stock valued at $156,000 after acquiring an additional 8,277 shares during the last quarter. 71.46% of the stock is owned by institutional investors and hedge funds.
GMS Company Profile (NYSE:GMS)
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
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