VirTra (NASDAQ:VTSI) Posts Earnings Results, Misses Estimates 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) issued its quarterly earnings data on Monday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01), Zacks reports. VirTra had a return on equity of 2.41% and a net margin of 4.15%. The company had revenue of $6.98 million during the quarter, compared to analysts' expectations of $6.34 million.

VirTra Trading Down 0.0%

NASDAQ:VTSI traded down $0.00 during mid-day trading on Friday, hitting $5.23. 7,060 shares of the stock traded hands, compared to its average volume of 92,762. The stock has a market capitalization of $58.88 million, a price-to-earnings ratio of 52.25 and a beta of 0.53. VirTra has a 52 week low of $3.57 and a 52 week high of $8.53. The firm's 50 day moving average is $6.44 and its two-hundred day moving average is $5.65. The company has a quick ratio of 3.03, a current ratio of 4.40 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On VirTra

Several hedge funds have recently modified their holdings of VTSI. Jane Street Group LLC acquired a new stake in shares of VirTra in the second quarter worth $341,000. Qube Research & Technologies Ltd purchased a new position in VirTra during the second quarter valued at $198,000. Marshall Wace LLP purchased a new position in VirTra during the second quarter valued at $868,000. XTX Topco Ltd purchased a new position in shares of VirTra in the second quarter worth about $96,000. Finally, NewEdge Advisors LLC lifted its stake in shares of VirTra by 88.5% in the first quarter. NewEdge Advisors LLC now owns 27,406 shares of the company's stock worth $112,000 after buying an additional 12,864 shares in the last quarter. Hedge funds and other institutional investors own 14.69% of the company's stock.

Wall Street Analyst Weigh In

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

VirTra Company Profile

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.