VirTra (NASDAQ:VTSI) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• VirTra reported earnings of **$0.02 EPS** for the quarter, which was a **$0.01** miss compared to analysts' expectations of **$0.03 EPS**.
• The company's stock price increased by **3.9%** during trading hours, closing at **$7.27** with a market capitalization of **$81.86 million**.
• Institutional investor **NewEdge Advisors LLC** raised its stake in VirTra by **88.5%**, now owning **0.24%** of the company, emphasizing growing interest in the stock.

VirTra (NASDAQ:VTSI - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01), Zacks reports. VirTra had a return on equity of 4.66% and a net margin of 8.22%.

VirTra Stock Up 3.9%

NASDAQ VTSI traded up $0.27 during trading hours on Monday, reaching $7.27. 100,708 shares of the company traded hands, compared to its average volume of 70,044. The stock has a market capitalization of $81.86 million, a PE ratio of 38.27 and a beta of 0.53. The company has a current ratio of 4.54, a quick ratio of 3.03 and a debt-to-equity ratio of 0.16. VirTra has a 12 month low of $3.57 and a 12 month high of $8.53. The company has a 50 day moving average of $6.48 and a two-hundred day moving average of $5.66.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VirTra stock. NewEdge Advisors LLC grew its holdings in VirTra, Inc. (NASDAQ:VTSI - Free Report) by 88.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,406 shares of the company's stock after acquiring an additional 12,864 shares during the period. NewEdge Advisors LLC owned 0.24% of VirTra worth $112,000 as of its most recent SEC filing. 14.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of VirTra from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

About VirTra

VirTra, Inc provides use of force training and firearms training simulators for the law enforcement, military, and commercial markets worldwide. Its patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations.

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