VerifyMe, Inc. (NASDAQ:VRME) CEO Purchases $15,620.00 in Stock

VerifyMe, Inc. (NASDAQ:VRME) CEO Adam H. Stedham bought 22,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of $0.71 per share, with a total value of $15,620.00. Following the completion of the purchase, the chief executive officer now directly owns 267,004 shares of the company’s stock, valued at $189,572.84. This represents a 8.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

VerifyMe Price Performance

Shares of NASDAQ VRME traded up $0.05 during midday trading on Monday, reaching $0.79. 387,248 shares of the stock traded hands, compared to its average volume of 52,769. The company’s 50 day moving average is $0.90 and its 200 day moving average is $1.17. VerifyMe, Inc. has a one year low of $0.58 and a one year high of $2.45. The stock has a market capitalization of $8.29 million, a PE ratio of -2.55 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $1.50 price objective on shares of VerifyMe in a research report on Wednesday, November 13th.

About VerifyMe

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.