VerifyMe (NASDAQ:VRME) Issues Quarterly Earnings Results

VerifyMe (NASDAQ:VRME) released its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, Zacks reports. VerifyMe had a negative net margin of 13.15% and a negative return on equity of 11.15%.

VerifyMe Stock Performance

Shares of VRME stock traded down $0.14 on Thursday, hitting $0.82. 3,427,095 shares of the stock traded hands, compared to its average volume of 7,286,219. The company has a market capitalization of $8.93 million, a PE ratio of -2.64 and a beta of 0.34. The company’s fifty day moving average is $1.63 and its 200 day moving average is $1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74. VerifyMe has a 1-year low of $0.58 and a 1-year high of $5.00.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and issued a $1.50 price target on shares of VerifyMe in a research note on Wednesday, November 13th.

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.