VerifyMe (NASDAQ:VRME) Price Target Cut to $1.25 by Analysts at Barrington Research

VerifyMe (NASDAQ:VRME) had its price objective cut by Barrington Research from $1.50 to $1.25 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective would indicate a potential upside of 74.58% from the stock’s current price.

VerifyMe Stock Down 8.3 %

Shares of NASDAQ:VRME traded down $0.06 during trading on Friday, hitting $0.72. 528,620 shares of the company were exchanged, compared to its average volume of 7,154,952. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.29. VerifyMe has a fifty-two week low of $0.58 and a fifty-two week high of $5.00. The stock has a market cap of $7.80 million, a price-to-earnings ratio of -2.31 and a beta of 0.34.

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.