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

Shares of VirTra, Inc. (NASDAQ:VTSI) fell 1.1% during trading on Thursday. The company traded as low as $2.63 and last traded at $2.64. 28,038 shares traded hands during trading, an increase of 16% from the average session volume of 24,225 shares. The stock had previously closed at $2.67.

Wall Street Analyst Weigh In

VTSI has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of VirTra in a research note on Monday, September 21st. Zacks Research raised VirTra from a “strong sell” rating to a “hold” rating in a 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 company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.00.

VirTra Price Performance

The company has a 50 day moving average of $2.98 and a two-hundred day moving average of $3.41. The firm has a market cap of $29.88 million, a P/E ratio of -10.15 and a beta of 0.86. The company has a quick ratio of 2.44, a current ratio of 3.89 and a debt-to-equity ratio of 0.25.

VirTra (NASDAQ:VTSI) last issued 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 firm had revenue of $5.76 million for the quarter, compared to analysts’ expectations of $3.54 million. Sell-side analysts expect that VirTra, Inc. will post -0.14 EPS for the current year.

Institutional Trading of VirTra

An institutional investor recently raised its stake in VirTra stock. Dimensional Fund Advisors LP increased its stake in VirTra, Inc. (NASDAQ:VTSI) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,462 shares of the company’s stock after purchasing 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. Institutional investors own 14.69% of the company’s stock.

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.