Wall Street Zen Upgrades VirTra (NASDAQ:VTSI) to "Buy"

Wall Street Zen upgraded shares of VirTra (NASDAQ:VTSI - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Separately, Lake Street Capital decreased their target price on VirTra from $10.00 to $7.00 and set a "buy" rating for the company in a research note on Friday, March 28th.

VirTra Stock Down 1.6%

NASDAQ VTSI traded down $0.10 on Friday, reaching $6.06. The company had a trading volume of 41,114 shares, compared to its average volume of 93,113. The firm has a market capitalization of $68.24 million, a PE ratio of 31.90 and a beta of 0.55. VirTra has a 1 year low of $3.57 and a 1 year high of $8.98. The firm has a 50-day moving average of $6.17 and a 200-day moving average of $5.68. 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 announced its quarterly earnings data on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10. VirTra had a return on equity of 4.66% and a net margin of 8.22%. The firm had revenue of $7.16 million for the quarter, compared to analysts' expectations of $5.46 million. On average, equities research analysts anticipate that VirTra will post 0.34 EPS for the current fiscal year.

Institutional Trading of VirTra

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of VirTra by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 21,094 shares of the company's stock valued at $142,000 after acquiring an additional 3,022 shares in the last quarter. Raymond James Financial Inc. bought a new stake in VirTra during the 4th quarter worth approximately $121,000. Geode Capital Management LLC increased its holdings in VirTra by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 242,173 shares of the company's stock worth $1,635,000 after purchasing an additional 4,969 shares in the last quarter. Perritt Capital Management Inc grew its holdings in shares of VirTra by 100.0% in the fourth quarter. Perritt Capital Management Inc now owns 40,000 shares of the company's stock valued at $270,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of VirTra in the fourth quarter valued at approximately $312,000. 14.69% of the stock is owned by institutional investors and hedge funds.

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.