VerifyMe (NASDAQ:VRME) Trading Up 1.6% – Time to Buy?

VerifyMe, Inc. (NASDAQ:VRME)’s share price was up 1.6% on Wednesday . The company traded as high as $0.77 and last traded at $0.74. Approximately 31,211 shares were traded during trading, a decline of 98% from the average daily volume of 1,703,518 shares. The stock had previously closed at $0.72.

Analyst Ratings Changes

A number of analysts have recently weighed in on VRME shares. Maxim Group set a $1.50 price target on shares of VerifyMe and gave the stock a “buy” rating in a report on Wednesday, May 14th. Barrington Research cut their price target on shares of VerifyMe from $1.50 to $1.25 and set an “outperform” rating for the company in a report on Friday, March 7th.

VerifyMe Stock Performance

The stock’s fifty day moving average price is $0.73 and its two-hundred day moving average price is $1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.63 and a current ratio of 4.66. The company has a market cap of $9.13 million, a P/E ratio of -2.04 and a beta of 0.47.

VerifyMe (NASDAQ:VRME) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $4.46 million during the quarter, compared to the consensus estimate of $5.09 million. VerifyMe had a negative net margin of 16.77% and a negative return on equity of 15.44%. As a group, equities analysts predict that VerifyMe, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On VerifyMe

An institutional investor recently bought a new position in VerifyMe stock. US Bancorp DE acquired a new stake in VerifyMe, Inc. (NASDAQ:VRME) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 44,822 shares of the company’s stock, valued at approximately $30,000. US Bancorp DE owned about 0.41% of VerifyMe at the end of the most recent reporting period. Institutional investors own 8.79% of the company’s stock.

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.