Adam H. Stedham Purchases 22,000 Shares of VerifyMe, Inc. (NASDAQ:VRME) Stock

VerifyMe, Inc. (NASDAQ:VRME) CEO Adam H. Stedham purchased 22,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $0.71 per share, for a total transaction of $15,620.00. Following the completion of the purchase, the chief executive officer now directly owns 267,004 shares of the company’s stock, valued at approximately $189,572.84. This trade represents a 8.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

VerifyMe Stock Performance

Shares of VRME opened at $1.36 on Wednesday. The company has a 50-day simple moving average of $0.89 and a 200-day simple moving average of $1.16. VerifyMe, Inc. has a 52-week low of $0.58 and a 52-week high of $2.48. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $14.28 million, a PE ratio of -4.39 and a beta of 0.51.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $1.50 price objective on shares of VerifyMe in a research report on Wednesday, November 13th.

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.