VirTra (NASDAQ:VTSI) Trading 4.1% Higher – Here’s What Happened

Shares of VirTra, Inc. (NASDAQ:VTSI) were up 4.1% on Tuesday . The stock traded as high as $8.20 and last traded at $7.96. Approximately 122,668 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 196,226 shares. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital decreased their target price on shares of VirTra from $16.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th.

VirTra Stock Down 4.4 %

The stock has a 50 day moving average price of $6.58 and a 200 day moving average price of $7.57. The company has a market cap of $85.54 million, a P/E ratio of 14.63 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.46 and a current ratio of 5.02.

VirTra (NASDAQ:VTSI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $7.48 million during the quarter, compared to the consensus estimate of $6.81 million. VirTra had a net margin of 18.24% and a return on equity of 13.01%. During the same period in the prior year, the company earned $0.15 EPS. Research analysts expect that VirTra, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of VirTra

A number of hedge funds have recently modified their holdings of VTSI. Vanguard Group Inc. raised its position in VirTra by 10.4% during the first quarter. Vanguard Group Inc. now owns 476,706 shares of the company’s stock valued at $4,901,000 after buying an additional 44,906 shares during the period. Renaissance Technologies LLC increased its holdings in shares of VirTra by 12.2% in the 2nd quarter. Renaissance Technologies LLC now owns 206,100 shares of the company’s stock valued at $1,585,000 after purchasing an additional 22,361 shares during the period. State Street Corp lifted its position in shares of VirTra by 31.3% in the third quarter. State Street Corp now owns 164,007 shares of the company’s stock worth $1,020,000 after purchasing an additional 39,097 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of VirTra by 63.1% during the second quarter. Dimensional Fund Advisors LP now owns 143,790 shares of the company’s stock worth $1,106,000 after purchasing an additional 55,636 shares during the period. Finally, Marshall Wace LLP purchased a new position in VirTra during the second quarter valued at approximately $480,000. Hedge funds and other institutional investors own 14.69% of the company’s stock.

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.