VirTra Systems Inc. (NASDAQ:VTSI) was the recipient of a significant decline in short interest during the month of November. As of November 29th, there was short interest totalling 22,200 shares, a decline of 45.7% from the November 14th total of 40,900 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.
A number of brokerages have recently issued reports on VTSI. Maxim Group reaffirmed a “buy” rating and issued a $5.00 price target on shares of VirTra Systems in a research note on Thursday, August 15th. TheStreet raised VirTra Systems from a “d” rating to a “c-” rating in a research note on Tuesday, November 26th. Finally, Zacks Investment Research raised VirTra Systems from a “hold” rating to a “strong-buy” rating and set a $4.00 price target on the stock in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $5.00.
A hedge fund recently raised its stake in VirTra Systems stock. Millennium Management LLC increased its stake in shares of VirTra Systems Inc. (NASDAQ:VTSI) by 41.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,311 shares of the company’s stock after buying an additional 3,610 shares during the quarter. Millennium Management LLC owned about 0.16% of VirTra Systems worth $34,000 at the end of the most recent reporting period. 1.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of VirTra Systems stock opened at $3.82 on Friday. VirTra Systems has a one year low of $2.00 and a one year high of $4.80. The company has a market cap of $29.87 million, a price-to-earnings ratio of 38.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.62 and a current ratio of 2.11. The business’s 50 day moving average price is $3.41 and its 200 day moving average price is $2.73.
VirTra Systems (NASDAQ:VTSI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. VirTra Systems had a negative return on equity of 10.64% and a negative net margin of 6.97%. The firm had revenue of $6.71 million for the quarter, compared to the consensus estimate of $5.84 million. On average, analysts predict that VirTra Systems will post -0.07 EPS for the current fiscal year.
About VirTra Systems
VirTra, Inc develops, sells, and supports use of force training and marksmanship firearms training systems and accessories for law enforcement, military, educational, and civilian use worldwide. Its products comprise V-300 simulator, a 300 degree wrap-around screen for simulation training; V-180 simulator, a 180 degree screen for smaller spaces and budgets; V-100, a single-screen based simulator system; V-100 MIL, a single-screen small arms training simulator; V-ST, a realistic single screen simulated shooting range simulator; and Top Subject Mater Expert Content, a content supplied with its simulators.
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