Insider Buying: VerifyMe, Inc. (NASDAQ:VRME) CEO Buys $15,620.00 in Stock

VerifyMe, Inc. (NASDAQ:VRME) CEO Adam H. Stedham bought 22,000 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of $0.71 per share, for a total transaction of $15,620.00. Following the purchase, the chief executive officer now owns 267,004 shares in the company, valued at approximately $189,572.84. This represents a 8.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

VerifyMe Trading Up 72.2 %

VerifyMe stock opened at $1.36 on Thursday. The company has a market capitalization of $14.28 million, a price-to-earnings ratio of -4.39 and a beta of 0.51. The company’s fifty day moving average price is $0.89 and its two-hundred day moving average price is $1.16. VerifyMe, Inc. has a one year low of $0.58 and a one year high of $2.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $1.50 price target on shares of VerifyMe in a report on Wednesday, November 13th.

VerifyMe Company Profile

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.