Separately, Maxim Group reissued a buy rating and issued a $10.00 price target on shares of VerifyMe in a report on Friday, May 13th.
Shares of VRME stock opened at $2.06 on Tuesday. VerifyMe has a 1 year low of $2.06 and a 1 year high of $4.60. The firm’s fifty day simple moving average is $2.67 and its 200 day simple moving average is $3.03. The firm has a market capitalization of $17.44 million, a P/E ratio of 4.58 and a beta of 1.04.
An institutional investor recently raised its position in VerifyMe stock. SFE Investment Counsel increased its stake in shares of VerifyMe, Inc. (NASDAQ:VRME – Get Rating) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing 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 period. SFE Investment Counsel owned 1.10% of VerifyMe worth $254,000 at the end of the most recent quarter. Institutional investors own 5.60% of the company’s stock.
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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