Shares of Verso Co. (NYSE:VRS) rose 0% during mid-day trading on Wednesday . The stock traded as high as $18.12 and last traded at $17.86. Approximately 528,102 shares changed hands during trading, a decline of 28% from the average daily volume of 730,289 shares. The stock had previously closed at $17.86.
VRS has been the topic of several research reports. BWS Financial raised shares of Verso from a “buy” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Verso from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. B. Riley upped their target price on shares of Verso from $11.25 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.
The company has a quick ratio of 0.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $577.42 and a P/E ratio of -10.08.
In related news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $16.43, for a total transaction of $821,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,286,595 shares of company stock worth $21,508,948 over the last 90 days. Insiders own 4.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its stake in Verso by 34.2% in the second quarter. Donald Smith & CO. Inc. now owns 2,061,732 shares of the basic materials company’s stock valued at $9,670,000 after purchasing an additional 524,849 shares during the last quarter. Vanguard Group Inc. increased its stake in Verso by 4.9% in the second quarter. Vanguard Group Inc. now owns 1,265,919 shares of the basic materials company’s stock valued at $5,937,000 after purchasing an additional 58,642 shares during the last quarter. Aegis Financial Corp increased its stake in Verso by 9.9% in the second quarter. Aegis Financial Corp now owns 723,389 shares of the basic materials company’s stock valued at $3,393,000 after purchasing an additional 65,432 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Verso in the fourth quarter valued at approximately $8,377,000. Finally, Skylands Capital LLC purchased a new position in Verso in the fourth quarter valued at approximately $8,282,000. Institutional investors own 53.22% of the company’s stock.
WARNING: “Verso (VRS) Shares Up 0%” was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3145966/verso-vrs-shares-up-0.html.
Verso Company Profile
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.
Receive News & Ratings for Verso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso and related companies with MarketBeat.com's FREE daily email newsletter.