VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 9,900 shares, an increase of 23.8% from the July 31st total of 8,000 shares. Based on an average trading volume of 14,900 shares, the short-interest ratio is currently 0.7 days.
Analyst Ratings Changes
Several equities analysts recently commented on VRME shares. Maxim Group reduced their price objective on shares of VerifyMe from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Barrington Research reduced their price objective on shares of VerifyMe from $2.00 to $1.70 and set an “outperform” rating for the company in a research note on Tuesday, August 15th.
Hedge Funds Weigh In On VerifyMe
VerifyMe Price Performance
Shares of NASDAQ:VRME opened at $1.17 on Wednesday. The company’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.52. The firm has a market capitalization of $11.58 million, a price-to-earnings ratio of -3.77 and a beta of 1.17. VerifyMe has a one year low of $1.01 and a one year high of $2.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.36 and a quick ratio of 1.35.
VerifyMe (NASDAQ:VRME – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $5.34 million during the quarter, compared to the consensus estimate of $6.00 million. VerifyMe had a negative return on equity of 19.54% and a negative net margin of 11.23%. On average, equities research analysts anticipate that VerifyMe will post -0.23 earnings per share for the current fiscal year.
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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