Versus Systems (NASDAQ:VS) Shares Down 7.2% – Here’s Why

Versus Systems Inc. (NASDAQ:VS)’s stock price was down 7.2% during mid-day trading on Thursday . The stock traded as low as $1.3930 and last traded at $1.42. Approximately 39,834 shares were traded during mid-day trading, an increase of 192% from the average daily volume of 13,640 shares. The stock had previously closed at $1.53.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Versus Systems in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Versus Systems presently has a consensus rating of “Reduce” and a consensus target price of $2.00.

Versus Systems Trading Down 7.2%

The firm has a market cap of $6.96 million, a P/E ratio of -2.68 and a beta of 1.60. The company’s 50-day moving average is $2.00 and its two-hundred day moving average is $2.14.

Versus Systems (NASDAQ:VS) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter. The company had revenue of $1.98 million during the quarter.

Versus Systems Company Profile

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.