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

VerifyMe, Inc. (NASDAQ:VRME - Get Free Report) CEO Adam H. Stedham acquired 22,000 shares of the business's stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $0.71 per share, for a total transaction of $15,620.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

VerifyMe Trading Up 6.2 %

VerifyMe stock opened at $0.79 on Tuesday. VerifyMe, Inc. has a 1 year low of $0.58 and a 1 year high of $2.45. The firm's 50-day moving average is $0.90 and its 200-day moving average is $1.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $8.29 million, a P/E ratio of -2.55 and a beta of 0.51.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an "outperform" rating and issued a $1.50 price target on shares of VerifyMe in a report on Wednesday, November 13th.

Get Our Latest Analysis on VRME

About VerifyMe

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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.

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