VerifyMe (NASDAQ:VRME) PT Raised to $2.00

VerifyMe (NASDAQ:VRMEGet Free Report) had its price target increased by investment analysts at Barrington Research from $1.70 to $2.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 16.97% from the stock’s current price.

VerifyMe Trading Up 1.8 %

Shares of VRME stock traded up $0.03 on Wednesday, reaching $1.71. 2,983 shares of the stock were exchanged, compared to its average volume of 36,400. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.49. VerifyMe has a one year low of $0.85 and a one year high of $2.45. The stock has a market cap of $17.36 million, a PE ratio of -4.89 and a beta of 0.75. The stock has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.25.

VerifyMe (NASDAQ:VRMEGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. 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 20.35% and a negative net margin of 13.39%. The firm had revenue of $5.76 million during the quarter, compared to analysts’ expectations of $5.92 million. During the same period in the previous year, the business posted ($0.11) EPS. Equities research analysts forecast that VerifyMe will post -0.12 EPS for the current fiscal year.

About VerifyMe

(Get Free Report)

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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