VerifyMe’s (VRME) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of VerifyMe (NASDAQ:VRME) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $1.50 price target on the stock.

VerifyMe Trading Down 9.4 %

Shares of NASDAQ VRME opened at $0.96 on Wednesday. The stock has a fifty day simple moving average of $1.32 and a 200-day simple moving average of $1.39. VerifyMe has a twelve month low of $0.90 and a twelve month high of $2.45. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $9.98 million, a PE ratio of -3.10 and a beta of 0.67.

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