A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Verso from a hold rating to a sell rating in a research report on Wednesday, February 21st. ValuEngine upgraded shares of Verso from a sell rating to a hold rating in a research report on Friday, February 2nd. Finally, BWS Financial set a $20.00 price objective on shares of Verso and gave the company a buy rating in a research report on Thursday, January 18th.
Verso (VRS) traded up $0.13 during mid-day trading on Friday, hitting $17.57. 751,687 shares of the stock were exchanged, compared to its average volume of 420,848. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. Verso has a one year low of $3.17 and a one year high of $19.32. The company has a market capitalization of $600.90, a price-to-earnings ratio of -10.46 and a beta of 1.12.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY purchased a new stake in Verso in the fourth quarter valued at approximately $171,000. Stone Ridge Asset Management LLC purchased a new stake in Verso in the fourth quarter valued at approximately $242,000. MetLife Investment Advisors LLC purchased a new stake in Verso in the fourth quarter valued at approximately $295,000. Ellington Management Group LLC purchased a new stake in Verso in the fourth quarter valued at approximately $367,000. Finally, Voya Investment Management LLC purchased a new stake in Verso in the second quarter valued at approximately $104,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.
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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.
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