Versus Systems (NASDAQ:VS) Trading Down 5.4%

Versus Systems Inc. (NASDAQ:VS) was down 5.4% on Thursday . The stock traded as low as $1.20 and last traded at $1.24. 97,449 shares were traded during mid-day trading, a decline of 81% from the average session volume of 516,839 shares. The stock had previously closed at $1.31.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their target price on shares of Versus Systems from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, August 27th.

Versus Systems Price Performance

The firm has a 50-day moving average of $1.48 and a two-hundred day moving average of $1.59.

Versus Systems (NASDAQ:VS) last posted its earnings results on Wednesday, August 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.04). The company had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.05 million. Versus Systems had a negative net margin of 8,703.52% and a negative return on equity of 255.40%. As a group, analysts anticipate that Versus Systems Inc. will post -2.13 EPS for the current fiscal year.

About Versus Systems

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.