SRA International Inc. (SRX) pops to session highs on strong volume. Strength being attributed to a Reuters report stating the co. is in sale talks with several potential bidders, mostly targeted toward PE buyers.
Shares of SRA Int’l are currently up 7% at $28.58 per share. Volume has exploded with more than 2.2 million shares already trading hands compared to a daily average volume of just 690,000.
SRA Int’l trades at a trailing P/E of 90.73, a forward P/E of 19.13 and a mrq/current ratio of 2.14. The median Wall Street price target on the stock is $23.00 with a high target of $26.00. The company has a market cap of $1.70 billion and a P/E to Growth ratio of 1.34.
SRA International, Inc. provides technology consulting services to the national security, civil government and intelligence and space markets. The co. was founded in 1976 and is headquartered in Fairfax, Virginia.