VirTra (NASDAQ:VTSI) Rating Lowered to Hold at Zacks Investment Research

VirTra (NASDAQ:VTSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Virtra Systems, Inc., headquartered in Houston, Texas, develops, manufactures, markets, and sells personal computer and non-personal computer-based products for training/simulation and advertising/promotion markets. VirTra designs and manufactures two distinct product lines comprising the world’s first 360-degree firearms training simulators: the IVR 4G military series, and the IVR HD law enforcement series. The HD law enforcement series delivers incredible decision making scenarios, 360-degree situational awareness, use-of-force training, real-world marksmanship, digital shoot-house, and of course marksmanship courses (from basic to advanced). The 4G military series delivers military skills training exercises, marksmanship and qualification courses (from basic to advanced), real-world marksmanship, immersive combat simulation, and digital shoot-house (CQB and MOUT training). “

VTSI has been the subject of several other research reports. TheStreet lowered VirTra from a “b-” rating to a “c” rating in a report on Tuesday, August 17th. Lake Street Capital upped their price objective on VirTra from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Maxim Group lowered VirTra from a “buy” rating to a “hold” rating in a research note on Tuesday, July 13th. Finally, Roth Capital upped their price objective on VirTra from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $10.75.

NASDAQ:VTSI traded up $0.27 during mid-day trading on Thursday, hitting $11.52. 1 shares of the company traded hands, compared to its average volume of 1,066,314. The stock’s fifty day moving average price is $8.85 and its 200-day moving average price is $7.20. VirTra has a one year low of $3.39 and a one year high of $12.19. The company has a quick ratio of 2.93, a current ratio of 3.38 and a debt-to-equity ratio of 0.03. The firm has a market cap of $124.47 million, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.13.

VirTra (NASDAQ:VTSI) last released its quarterly earnings results on Thursday, August 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.11. VirTra had a return on equity of 22.95% and a net margin of 16.11%. The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $2.77 million. Equities analysts predict that VirTra will post 0.3 EPS for the current year.

A number of institutional investors have recently made changes to their positions in VTSI. HighTower Advisors LLC bought a new position in VirTra during the first quarter valued at approximately $352,000. Geode Capital Management LLC bought a new position in VirTra during the first quarter valued at approximately $217,000. Northern Trust Corp bought a new position in VirTra during the first quarter valued at approximately $79,000. Renaissance Technologies LLC boosted its stake in VirTra by 235.6% during the first quarter. Renaissance Technologies LLC now owns 71,950 shares of the company’s stock valued at $442,000 after buying an additional 50,508 shares during the last quarter. Finally, Perritt Capital Management Inc. bought a new position in VirTra during the first quarter valued at approximately $215,000. 8.92% of the stock is owned by institutional investors.

VirTra Company Profile

VirTra, Inc provides force training simulators, firearms training simulators, and driving simulators for law enforcement, military, educational, and commercial markets worldwide. The company's products comprise V-300 simulator, a 300 degree wrap-around screen for simulation training; V-180 simulator, a 180 degree screen for smaller spaces or budgets; V-100, a single-screen firearms training simulator system; V-100 MIL, a single-screen small arms training simulator; and V-ST PRO, a realistic single screen firearms shooting and skills training simulator.

Read More: Hold Rating

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