VerifyMe (NASDAQ:VRME) Downgraded to “D+” at TheStreet

TheStreet cut shares of VerifyMe (NASDAQ:VRME – Get Rating) from a c- rating to a d+ rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.

Separately, Maxim Group reiterated a buy rating and set a $10.00 price target on shares of VerifyMe in a report on Friday, May 13th.

Shares of VerifyMe stock opened at $2.26 on Tuesday. The firm has a market capitalization of $19.14 million, a P/E ratio of 5.02 and a beta of 1.04. The company’s 50 day moving average price is $2.69 and its two-hundred day moving average price is $3.04. VerifyMe has a fifty-two week low of $2.17 and a fifty-two week high of $4.60.

VerifyMe (NASDAQ:VRME – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.19) EPS for the quarter. The business had revenue of $0.16 million for the quarter. VerifyMe had a return on equity of 17.51% and a net margin of 408.69%.

An institutional investor recently raised its position in VerifyMe stock. SFE Investment Counsel increased its position in shares of VerifyMe, Inc. (NASDAQ:VRME – Get Rating) by 22.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,000 shares of the company’s stock after buying an additional 14,672 shares during the period. SFE Investment Counsel owned 1.10% of VerifyMe worth $254,000 at the end of the most recent reporting period. 5.60% of the stock is currently owned by institutional investors.

VerifyMe Company Profile (Get Rating)

VerifyMe, Inc, a technology solutions provider, provides products to connect brands with consumers in the United States. The company offers VerifyMe Engage services that provides the ability for the brand owner to gather business intelligence and engage with the consumer using authentication test as the initial contact with the consumer.

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