VirTra (NASDAQ:VTSI) Shares Up 4.1% – Time to Buy?

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

Analysts Set New Price Targets

Separately, Lake Street Capital cut their price objective on 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 Performance

The company has a quick ratio of 3.46, a current ratio of 5.02 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $89.47 million, a PE ratio of 15.31 and a beta of 0.62. The stock’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $7.57.

VirTra (NASDAQ:VTSI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $6.81 million. VirTra had a net margin of 18.24% and a return on equity of 13.01%. During the same period last year, the company posted $0.15 EPS. On average, research analysts predict that VirTra, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VTSI. BNP Paribas Financial Markets grew its holdings in VirTra by 32.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,035 shares of the company’s stock valued at $31,000 after buying an additional 1,229 shares during the period. Rhumbline Advisers purchased a new position in shares of VirTra in the 2nd quarter worth about $81,000. Wolverine Trading LLC purchased a new position in VirTra in the third quarter valued at approximately $76,000. Hennion & Walsh Asset Management Inc. acquired a new position in VirTra during the third quarter valued at approximately $91,000. Finally, Barclays PLC grew its stake in VirTra by 34.3% during the third quarter. Barclays PLC now owns 15,028 shares of the company’s stock worth $94,000 after buying an additional 3,837 shares during the period. Institutional investors and hedge funds 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.