VerifyMe (NASDAQ:VRME – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01, Zacks reports. VerifyMe had a negative net margin of 13.15% and a negative return on equity of 11.15%.
VerifyMe Stock Down 14.2 %
VRME traded down $0.14 on Thursday, reaching $0.82. The company’s stock had a trading volume of 3,427,095 shares, compared to its average volume of 7,286,219. VerifyMe has a 1 year low of $0.58 and a 1 year high of $5.00. The business’s 50 day moving average is $1.63 and its 200 day moving average is $1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $8.93 million, a price-to-earnings ratio of -2.64 and a beta of 0.34.
Analysts Set New Price Targets
Separately, Barrington Research reaffirmed 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.
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