Barrington Research Reiterates “Outperform” Rating for VerifyMe (NASDAQ:VRME)

VerifyMe (NASDAQ:VRME)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a note issued to investors on Wednesday,Benzinga reports. They presently have a $1.50 price objective on the stock. Barrington Research’s target price points to a potential upside of 56.23% from the stock’s current price.

VerifyMe Price Performance

VRME stock traded down $0.10 during trading on Wednesday, reaching $0.96. 95,357 shares of the company were exchanged, compared to its average volume of 28,756. The company has a market capitalization of $9.98 million, a price-to-earnings ratio of -3.10 and a beta of 0.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.74 and a quick ratio of 1.73. The company has a 50-day moving average of $1.32 and a two-hundred day moving average of $1.39. VerifyMe has a twelve month low of $0.90 and a twelve month high of $2.45.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $5.35 million during the quarter, compared to analysts’ expectations of $5.71 million. VerifyMe had a negative return on equity of 10.68% and a negative net margin of 13.15%. During the same period in the prior year, the company earned ($0.11) EPS. As a group, equities analysts predict that VerifyMe will post -0.19 earnings per share for the current fiscal year.

About VerifyMe

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.