Separately, Maxim Group reissued a “buy” rating and issued a $10.00 price target on shares of VerifyMe in a research note on Friday, May 13th.
Shares of VRME opened at $2.26 on Tuesday. VerifyMe has a 12 month low of $2.17 and a 12 month high of $4.60. The company has a market cap of $19.14 million, a P/E ratio of 5.02 and a beta of 1.04. The stock has a fifty day moving average price of $2.69 and a 200 day moving average price of $3.04.
An institutional investor recently raised its position in VerifyMe stock. SFE Investment Counsel boosted its position in shares of VerifyMe, Inc. (NASDAQ:VRME – Get Rating) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the company’s stock after buying an additional 14,672 shares during the quarter. SFE Investment Counsel owned 1.10% of VerifyMe worth $254,000 at the end of the most recent quarter. 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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