VerifyMe (NASDAQ:VRME) Shares Down 4%

Shares of VerifyMe, Inc. (NASDAQ:VRME – Get Rating) traded down 4% during trading on Thursday . The company traded as low as $1.60 and last traded at $1.66. 96,086 shares traded hands during trading, a decline of 11% from the average session volume of 107,361 shares. The stock had previously closed at $1.73.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating on shares of VerifyMe in a research note on Wednesday, October 5th.

VerifyMe Stock Down 4.0 %

The company has a quick ratio of 2.52, a current ratio of 2.58 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $15.00 million, a PE ratio of -0.87 and a beta of 0.91. The business’s 50 day simple moving average is $1.24 and its 200 day simple moving average is $1.43.

VerifyMe (NASDAQ:VRME – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $5.22 million during the quarter, compared to analyst estimates of $5.20 million. VerifyMe had a negative net margin of 153.14% and a negative return on equity of 25.24%. As a group, analysts forecast that VerifyMe, Inc. will post -1.82 EPS for the current year.

Hedge Funds Weigh In On VerifyMe

An institutional investor recently bought a new position in VerifyMe stock. Citadel Advisors LLC bought a new stake in VerifyMe, Inc. (NASDAQ:VRME – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,764 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 0.23% of VerifyMe at the end of the most recent reporting period. 5.71% of the stock is currently owned by institutional investors and hedge funds.

VerifyMe Company Profile

(Get Rating)

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.