According to Zacks, “Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States. “
Separately, BWS Financial initiated coverage on shares of Verso Corp in a research report on Wednesday, July 27th. They set a buy rating and a $25.00 target price on the stock.
Shares of Verso Corp (NYSE:VRS) traded up 0.30% during mid-day trading on Wednesday, reaching $6.70. 1,412 shares of the company’s stock were exchanged. The stock’s market capitalization is $230.41 million. Verso Corp has a 1-year low of $5.55 and a 1-year high of $12.00. The company’s 50 day moving average is $7.24 and its 200 day moving average is $8.44.
In related news, CFO Allen James Campbell bought 15,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were bought at an average price of $6.09 per share, with a total value of $91,350.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
About Verso Corp
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Verso Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso Corp and related companies with MarketBeat.com's FREE daily email newsletter.