Barrington Research Has Lowered Expectations for VerifyMe (NASDAQ:VRME) Stock Price

VerifyMe (NASDAQ:VRME) had its price target lowered by analysts at Barrington Research from $1.50 to $1.25 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price objective points to a potential upside of 71.28% from the stock’s previous close.

VerifyMe Stock Performance

Shares of NASDAQ VRME opened at $0.73 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. VerifyMe has a 12-month low of $0.58 and a 12-month high of $5.00. The stock has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.29. The company has a market cap of $7.95 million, a PE ratio of -2.35 and a beta of 0.34.

VerifyMe Company Profile

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.