Media stories about Verso (NYSE:VRS) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verso earned a news impact score of 0.04 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 47.0464867997795 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Coated Paper Market : Key Players, Growth, Analysis 2017 to 2023 (mynewsdesk.com)
- Verso (VRS) Upgraded to “Strong-Buy” by Zacks Investment Research (americanbankingnews.com)
- KapStone Paper and Packaging (KS) and Verso (VRS) Financial Analysis (americanbankingnews.com)
- Global Coated Paper Market for Printing, Packaging and Other Applications Analyze Innovations in the Coming Years (openpr.com)
- Reviewing Verso (VRS) & Its Peers (americanbankingnews.com)
Verso (VRS) traded down $0.42 during trading hours on Friday, hitting $17.41. The stock had a trading volume of 206,317 shares, compared to its average volume of 536,711. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.63. The stock has a market cap of $612.27, a price-to-earnings ratio of -20.18 and a beta of 1.12. Verso has a 52-week low of $3.17 and a 52-week high of $19.32.
VRS has been the subject of a number of recent analyst reports. BWS Financial boosted their price objective on shares of Verso to $30.00 and gave the stock a “buy” rating in a report on Friday, March 9th. B. Riley set a $24.00 price objective on Verso and gave the stock a “buy” rating in a research note on Friday, March 9th. ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered Verso from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd.
In other news, major shareholder Mudrick Capital Management, L. sold 798,849 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $16.74, for a total value of $13,372,732.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,894,168 shares of company stock valued at $32,029,340 over the last 90 days. 4.20% of the stock is currently owned by company insiders.
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Verso Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
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