VirTra (NASDAQ:VTSI) Downgraded by Zacks Research to “Strong Sell”

VirTra (NASDAQ:VTSI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

VTSI has been the subject of several other reports. Weiss Ratings restated a “sell (d+)” rating on shares of VirTra in a research note 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 analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $7.00.

VirTra Trading Up 0.2%

Shares of VirTra stock opened at $4.86 on Wednesday. VirTra has a fifty-two week low of $3.57 and a fifty-two week high of $8.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.13 and a current ratio of 4.40. The company has a market capitalization of $54.76 million, a P/E ratio of 48.60 and a beta of 0.64. The company has a fifty day moving average of $5.67 and a 200 day moving average of $5.88.

VirTra (NASDAQ:VTSI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). VirTra had a return on equity of 2.41% and a net margin of 4.15%.The business had revenue of $5.35 million during the quarter, compared to the consensus estimate of $6.99 million. On average, sell-side analysts anticipate that VirTra will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Diversify Advisory Services LLC purchased a new position in shares of VirTra in the third quarter valued at $70,000. Arrowstreet Capital Limited Partnership bought a new position in VirTra during the third quarter valued at $74,000. Nuveen LLC purchased a new position in shares of VirTra in the 1st quarter worth $94,000. XTX Topco Ltd purchased a new position in shares of VirTra in the 2nd quarter worth $96,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of VirTra by 19.8% in the 1st quarter. Bank of New York Mellon Corp now owns 25,278 shares of the company’s stock worth $103,000 after buying an additional 4,184 shares during the last quarter. 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.