Verra Mobility (NASDAQ:VRRM) Reaches New 52-Week Low – Here’s Why

Verra Mobility Co. (NASDAQ:VRRM) hit a new 52-week low during trading on Wednesday . The company traded as low as $19.77 and last traded at $19.91, with a volume of 2298115 shares. The stock had previously closed at $20.22.

Verra Mobility Trading Down 1.5 %

The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The business’s 50-day moving average price is $25.07 and its two-hundred day moving average price is $25.33.

Institutional Trading of Verra Mobility

Several hedge funds and other institutional investors have recently bought and sold shares of VRRM. First Horizon Advisors Inc. boosted its holdings in shares of Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 745 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock worth $56,000 after buying an additional 1,640 shares during the last quarter. Avanza Fonder AB purchased a new stake in Verra Mobility in the 4th quarter valued at about $74,000. US Bancorp DE increased its stake in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after acquiring an additional 418 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock worth $114,000 after acquiring an additional 4,031 shares during the period.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.