VirTra (NASDAQ:VTSI) Trading 2.1% Higher - Here's What Happened

Key Points

• VirTra's shares rose by 2.1% on Tuesday, trading at $5.91 after hitting a high of $5.97, despite a significant decrease in trading volume.
• Analysts have mixed ratings for VirTra, with one rating it Buy and another Sell, resulting in a current consensus rating of Hold and an average target price of $7.00.
• In its latest earnings report, VirTra reported a net revenue of $6.98 million, exceeding estimates, but fell short in EPS, earning $0.02 against a projection of $0.03.

Shares of VirTra, Inc. (NASDAQ:VTSI - Get Free Report) were up 2.1% on Tuesday . The stock traded as high as $5.97 and last traded at $5.91. Approximately 18,924 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 52,808 shares. The stock had previously closed at $5.79.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VTSI shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of VirTra in a report on Wednesday, October 8th. Wall Street Zen raised shares of VirTra from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.00.

VirTra Trading Up 2.1%

The company has a quick ratio of 3.13, a current ratio of 4.40 and a debt-to-equity ratio of 0.16. The firm's 50-day simple moving average is $5.69 and its 200 day simple moving average is $5.69. The stock has a market capitalization of $66.61 million, a P/E ratio of 59.11 and a beta of 0.66.

VirTra (NASDAQ:VTSI - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). VirTra had a return on equity of 2.41% and a net margin of 4.15%.The business had revenue of $6.98 million during the quarter, compared to the consensus estimate of $6.34 million. Equities research analysts anticipate that VirTra, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On VirTra

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in VirTra by 19.8% in the first quarter. Bank of New York Mellon Corp now owns 25,278 shares of the company's stock worth $103,000 after acquiring an additional 4,184 shares in the last quarter. ARS Investment Partners LLC raised its holdings in VirTra by 23.9% during the 3rd quarter. ARS Investment Partners LLC now owns 47,957 shares of the company's stock worth $252,000 after buying an additional 9,240 shares during the period. NewEdge Advisors LLC raised its holdings in VirTra by 88.5% during the 1st quarter. NewEdge Advisors LLC now owns 27,406 shares of the company's stock worth $112,000 after buying an additional 12,864 shares during the period. XTX Topco Ltd acquired a new stake in VirTra during the 2nd quarter worth about $96,000. Finally, Nuveen LLC acquired a new stake in VirTra during the 1st quarter worth about $94,000. 14.69% of the stock is currently owned by institutional investors.

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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