Versus Systems (NASDAQ:VS) Trading Up 4.3% – Time to Buy?

Versus Systems Inc. (NASDAQ:VS) shares shot up 4.3% during trading on Monday . The stock traded as high as $2.09 and last traded at $2.07. 7,372 shares changed hands during trading, a decline of 99% from the average session volume of 1,141,392 shares. The stock had previously closed at $1.98.

Versus Systems Stock Performance

The company has a 50 day moving average of $2.06 and a two-hundred day moving average of $2.03. The stock has a market capitalization of $10.12 million, a PE ratio of -1.34 and a beta of 1.51.

Versus Systems (NASDAQ:VS) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). Versus Systems had a negative net margin of 9,635.29% and a negative return on equity of 330.10%.

Hedge Funds Weigh In On Versus Systems

An institutional investor recently bought a new position in Versus Systems stock. Renaissance Technologies LLC purchased a new stake in shares of Versus Systems Inc. (NASDAQ:VS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 120,600 shares of the company’s stock, valued at approximately $265,000. Renaissance Technologies LLC owned 4.39% of Versus Systems as of its most recent filing with the Securities & Exchange Commission. 60.72% of the stock is owned by hedge funds and other institutional investors.

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.