Virtra (OTCMKTS:VTSI) Earns “Buy” Rating from Maxim Group

Maxim Group reaffirmed their buy rating on shares of Virtra (OTCMKTS:VTSI) in a report published on Thursday, reports. They currently have a $5.00 target price on the stock.

“2Q19 revenue of $3.1M, down 65% y/y, missed our estimate of $5.1M. Non- GAAP loss per share of ($0.08) was worse than our EPS estimate of $0.07. VirTra faced delays in several project installations.”,” the firm’s analyst wrote.

Separately, Roth Capital started coverage on shares of Virtra in a research note on Tuesday, May 28th. They issued a buy rating and a $6.00 price target on the stock.

VTSI opened at $2.17 on Thursday. Virtra has a twelve month low of $2.00 and a twelve month high of $5.94. The firm’s 50-day moving average price is $2.44 and its 200 day moving average price is $3.25.

Virtra (OTCMKTS:VTSI) last posted its earnings results on Tuesday, August 13th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $3.05 million for the quarter, compared to the consensus estimate of $3.65 million.

A hedge fund recently raised its stake in Virtra stock. Essex Investment Management Co. LLC grew its stake in Virtra Inc (OTCMKTS:VTSI) by 74.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,851 shares of the company’s stock after buying an additional 31,880 shares during the period. Essex Investment Management Co. LLC owned 0.97% of Virtra worth $174,000 at the end of the most recent reporting period.

About Virtra

VirTra, Inc, formerly VirTra Systems, Inc, is engaged in the sale and development of judgmental use of force training simulators and firearms training simulators for law enforcement, military and commercial uses. The Company sells simulators and related products around the world through a direct sales force and international distribution partners.

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