Verra Mobility (NASDAQ:VRRM) Reaches New 12-Month Low – What’s Next?

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

Verra Mobility Stock Performance

The firm has a fifty day moving average of $25.07 and a 200-day moving average of $25.33. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.18 and a beta of 1.30.

Institutional Investors Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently made changes to their positions in the business. Armis Advisers LLC acquired a new position in Verra Mobility during the fourth quarter worth about $307,000. Public Employees Retirement System of Ohio lifted its stake in Verra Mobility by 14.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 262,479 shares of the company’s stock valued at $6,347,000 after buying an additional 32,627 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Verra Mobility by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,618 shares of the company’s stock valued at $49,922,000 after buying an additional 421,377 shares during the last quarter. Sovereign s Capital Management LLC purchased a new position in Verra Mobility during the fourth quarter worth $1,186,000. Finally, Westwood Holdings Group Inc. increased its position in Verra Mobility by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock worth $107,862,000 after buying an additional 994,775 shares in the last quarter.

Verra Mobility Company Profile

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.