VirTra (NASDAQ:VTSI) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen has downgraded VirTra (NASDAQ:VTSI) from a "buy" rating to a "hold" rating in a recent research report.
• VirTra's stock opened at $6.95 and has fluctuated between a twelve month low of $3.57 and a high of $8.53.
• The company reported earnings of $0.11 per share for the last quarter, significantly surpassing the consensus estimate of $0.01.

Wall Street Zen downgraded shares of VirTra (NASDAQ:VTSI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

VirTra Stock Performance

Shares of VTSI stock traded down $0.08 during midday trading on Friday, hitting $7.15. The company had a trading volume of 18,795 shares, compared to its average volume of 90,680. The company's 50 day simple moving average is $6.40 and its 200 day simple moving average is $5.66. VirTra has a 52-week low of $3.57 and a 52-week high of $8.53. The stock has a market cap of $80.45 million, a price-to-earnings ratio of 37.45 and a beta of 0.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.54 and a quick ratio of 3.03.

VirTra (NASDAQ:VTSI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.10. The firm had revenue of $7.16 million for the quarter, compared to the consensus estimate of $5.46 million. VirTra had a return on equity of 4.66% and a net margin of 8.22%. Research analysts anticipate that VirTra will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of VirTra

A number of institutional investors have recently bought and sold shares of VTSI. Barclays PLC raised its holdings in shares of VirTra by 15.0% in the fourth quarter. Barclays PLC now owns 17,275 shares of the company's stock worth $117,000 after acquiring an additional 2,247 shares during the last quarter. Wells Fargo & Company MN increased its stake in VirTra by 74.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,692 shares of the company's stock valued at $38,000 after purchasing an additional 2,436 shares during the last quarter. Northern Trust Corp increased its stake in VirTra by 4.8% during the fourth quarter. Northern Trust Corp now owns 87,603 shares of the company's stock worth $591,000 after acquiring an additional 4,005 shares during the last quarter. Bank of New York Mellon Corp increased its stake in VirTra by 19.8% during 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 during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of VirTra by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 242,173 shares of the company's stock worth $1,635,000 after buying an additional 4,969 shares during the period. 14.69% of the stock is currently owned by hedge funds and other 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.