VirTra (NASDAQ:VTSI) Stock Price Down 1.1% – What’s Next?

VirTra, Inc. (NASDAQ:VTSI)’s share price traded down 1.1% on Thursday. The stock traded as low as $2.63 and last traded at $2.64. 28,038 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 24,225 shares. The stock had previously closed at $2.67.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VTSI shares. Weiss Ratings restated a “sell (d)” rating on shares of VirTra in a report on Monday, September 21st. Zacks Research upgraded shares of VirTra from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, VirTra currently has an average rating of “Hold” and an average target price of $5.00.

VirTra Stock Down 1.1%

The company has a market cap of $29.88 million, a price-to-earnings ratio of -10.15 and a beta of 0.86. The company has a current ratio of 3.89, a quick ratio of 2.44 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $2.98 and a two-hundred day moving average price of $3.41.

VirTra (NASDAQ:VTSI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. VirTra had a negative net margin of 17.04% and a negative return on equity of 6.59%. The business had revenue of $5.76 million during the quarter, compared to analysts’ expectations of $3.54 million. On average, equities analysts predict that VirTra, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On VirTra

A hedge fund recently raised its stake in VirTra stock. Dimensional Fund Advisors LP lifted its stake in VirTra, Inc. (NASDAQ:VTSI) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,462 shares of the company’s stock after acquiring an additional 7,408 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.93% of VirTra worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission. 14.69% of the stock is currently owned by institutional investors.

VirTra Company Profile

VirTra, Inc (NASDAQ: VTSI) develops immersive training systems designed primarily for law enforcement, military, and commercial customers. Its technology combines simulated environments, video-based scenarios, firearms and less-lethal training devices, and instructor-controlled exercises to help users practice decision-making, communication, de-escalation, and use-of-force skills.

The company’s product portfolio includes its multi-screen and single-screen simulation platforms, such as the V-300, V-180, and V-100 systems.