VerifyMe (NASDAQ:VRME) Trading 0.7% Higher – Time to Buy?

Shares of VerifyMe, Inc. (NASDAQ:VRME) rose 0.7% during trading on Thursday . The stock traded as high as $0.75 and last traded at $0.72. Approximately 77,113 shares traded hands during trading, a decline of 95% from the average daily volume of 1,705,746 shares. The stock had previously closed at $0.71.

Wall Street Analyst Weigh In

Separately, 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.

VerifyMe Stock Up 0.7%

The business has a 50-day moving average of $0.74 and a 200-day moving average of $1.03. 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 stock has a market capitalization of $8.92 million, a price-to-earnings ratio of -1.99 and a beta of 0.48.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Tuesday, May 13th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. VerifyMe had a negative return on equity of 15.44% and a negative net margin of 16.77%. The firm had revenue of $4.46 million during the quarter, compared to analysts’ expectations of $5.09 million. On average, sell-side analysts expect that VerifyMe, Inc. will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VerifyMe stock. US Bancorp DE acquired a new stake in shares of VerifyMe, Inc. (NASDAQ:VRME) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 44,822 shares of the company’s stock, valued at approximately $30,000. US Bancorp DE owned approximately 0.41% of VerifyMe as of its most recent SEC filing. 8.79% of the stock is currently owned by hedge funds and other institutional investors.

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.