Insider Activity to Watch: Green Energy Management Services Holdings Inc. $GRMS

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Green Energy Management Services Holdings Inc. (GRMS) insider have most recently took part in a trading activity. On Dec 27, 2017 Ellin Robert S, CEO and Chairman, 10% Owner bought 700,000 shares having total worth of $2,800,000 at the price of $4 per share, following the transaction a total of 17,700,505 shares owned by Ellin Robert S.

Shares of Green Energy Management Services Holdings Inc. (GRMS) traded down 37.5% on Dec 26, 2017, hitting $0.01. 5 shares of the company’s stock traded hands. Green Energy Management Services Holdings Inc. has a 52 week low of $0 and a 52 week high of $0.14. The company’s market cap is $0 million.

Green Energy Management Services Holdings, Inc. was incorporated in Delaware in 1996 under the name ‘Citadel Security Software Inc.’. On August 20, 2010, it changed its name to ‘Green Energy Management Services Holdings, Inc.’. The Company is a full service energy management company based in Baton Rouge, Louisiana. The Company’s two functional businesses are energy saving lighting products utilizing LED’s (Light Emitting Diodes) and the GEM Water Management System which utilizes water reduction techniques. It provides its clients all forms of solutions to maximize the level of energy efficiency which can be achieved given the current technologies available to GEM mainly based in two functional areas namely energy efficient lighting upgrades; and water valve solutions. It is engaged in the energy management of energy efficient lighting units to end users who utilize substantial quantities of electricity. The company distributes its products and services to municipal and commercial customers. It purchases its products from outside suppliers and utilizes outside contractors to complete customer projects. It also provides its clients with water conservation solutions offering them water valve technology, which has the ability to reduce residential and commercial water usage. The products included in the energy efficiency area are the induction light bulb and the LED (light emitting diode) light fixture. The Company offers its clients up to a 10-year contract through which its clients can share in the energy savings, and upgrade their facility’s lighting with no up-front cost to them. Its competitors are larger scale light manufacturers such as General Electric Company and Osram Sylvania Inc. The Company’s products and services may be subject to certain government regulations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.