Verso (NYSE:VRS) Trading Up 3.9%

Verso Co. (NYSE:VRS) shares were up 3.9% on Friday . The stock traded as high as $21.12 and last traded at $21.12. Approximately 1,547 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 232,823 shares. The stock had previously closed at $20.33.

Several equities research analysts have recently weighed in on VRS shares. B. Riley downgraded shares of Verso from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $20.00 in a research report on Monday, August 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Saturday, July 10th. Finally, TheStreet raised shares of Verso from a “d+” rating to a “c” rating in a research report on Thursday, August 26th.

The company’s fifty day moving average price is $19.35 and its 200 day moving average price is $17.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.31. The firm has a market capitalization of $705.57 million, a price-to-earnings ratio of -3.71 and a beta of 1.99.

Verso (NYSE:VRS) last posted its quarterly earnings results on Friday, August 6th. The basic materials company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.49. Verso had a negative net margin of 15.84% and a negative return on equity of 8.21%. The business had revenue of $329.00 million during the quarter, compared to analyst estimates of $287.23 million. As a group, sell-side analysts expect that Verso Co. will post 1.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 28th. Stockholders of record on Friday, September 17th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, September 16th. Verso’s dividend payout ratio (DPR) is presently -10.15%.

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Verso by 41.3% during the 1st quarter. Royal Bank of Canada now owns 2,568 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 750 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Verso by 4.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 16,669 shares of the basic materials company’s stock valued at $295,000 after purchasing an additional 782 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Verso by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 108,848 shares of the basic materials company’s stock valued at $1,927,000 after purchasing an additional 935 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Verso by 10.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 15,669 shares of the basic materials company’s stock valued at $229,000 after purchasing an additional 1,504 shares during the period. Finally, FORA Capital LLC acquired a new position in Verso during the 2nd quarter valued at about $27,000. 63.53% of the stock is owned by hedge funds and other institutional investors.

About Verso (NYSE:VRS)

Verso Corp. engages in the production and supply of coated paper and products. The firm operates through the following segments: Paper and Pulp business. It offers paper products ranging from web, coated, digital, specialty and book and uncoated. The company was founded on August 1, 2006 and is headquartered in Miamisburg, OH.

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