Weiss Ratings Reiterates "Sell (D+)" Rating for VirTra (NASDAQ:VTSI)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for VirTra (NASDAQ:VTSI), indicating concerns about the company's performance.
• Despite the negative outlook from Weiss Ratings, Wall Street Zen has upgraded VirTra's shares from a "Hold" to a "Buy" rating, suggesting a mixed sentiment among analysts.
• VirTra reported a net revenue of $6.98 million for the last quarter, exceeding estimates, but experienced a slight earnings miss with $0.02 EPS compared to the $0.03 consensus estimate.

VirTra (NASDAQ:VTSI - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of VirTra from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.00.

VirTra Stock Performance

Shares of NASDAQ:VTSI traded up $0.32 during midday trading on Friday, reaching $6.25. The company's stock had a trading volume of 58,916 shares, compared to its average volume of 50,728. The firm has a market capitalization of $70.44 million, a PE ratio of 59.30 and a beta of 0.66. VirTra has a twelve month low of $3.57 and a twelve month high of $8.53. The stock has a fifty day moving average of $5.72 and a 200 day moving average of $5.70. The company has a quick ratio of 3.13, a current ratio of 4.40 and a debt-to-equity ratio of 0.16.

VirTra (NASDAQ:VTSI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $6.98 million during the quarter, compared to analyst estimates of $6.34 million. VirTra had a return on equity of 2.41% and a net margin of 4.15%. On average, equities analysts expect that VirTra will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ARS Investment Partners LLC lifted its stake in shares of VirTra by 23.9% in the third 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of VirTra in the second quarter worth about $341,000. Qube Research & Technologies Ltd purchased a new position in shares of VirTra in the second quarter worth about $198,000. Marshall Wace LLP purchased a new position in shares of VirTra in the second quarter worth about $868,000. Finally, XTX Topco Ltd purchased a new position in shares of VirTra in the second quarter worth about $96,000. 14.69% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.