Versus Systems (NASDAQ:VS) Announces Earnings Results

Versus Systems (NASDAQ:VS) posted its earnings results on Friday. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($29.07) by $28.98, FiscalAI reports.

Versus Systems Trading Down 1.0%

Shares of VS traded down $0.01 during midday trading on Friday, hitting $0.74. 4,664 shares of the company’s stock traded hands, compared to its average volume of 15,392. The stock has a market capitalization of $4.61 million, a price-to-earnings ratio of -2.12 and a beta of 1.36. Versus Systems has a 1 year low of $0.70 and a 1 year high of $1.86. The firm’s fifty day moving average is $1.00 and its 200-day moving average is $1.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Versus Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Versus Systems presently has an average rating of “Sell”.

Versus Systems Company Profile

Versus Systems Inc. is a technology company that developed an engagement and monetization platform for video games, mobile applications and other digital experiences. Its software was designed to allow brands, advertisers and content providers to offer real-world rewards, promotions and other incentives to users based on in-game or in-app activities. The company’s platform sought to connect game developers and publishers with consumer brands through customizable reward campaigns. Potential applications included product promotions, loyalty programs, sponsored challenges and interactive advertising, with rewards intended to encourage participation and increase user engagement.