The stock of Verisante Technology Inc (CVE:VRS) hit a new 52-week low and has $0.02 target or 13.00% below today’s $0.03 share price. The 6 months bearish chart indicates high risk for the $1.91M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $0.02 price target is reached, the company will be worth $248,300 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 4,500 shares traded hands. Verisante Technology Inc (CVE:VRS) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
Analysts await Verisante Technology Inc (CVE:VRS) to report earnings on November, 21. VRS’s profit will be $54.24M for 0.01 P/E if the $0.71 EPS becomes a reality. After $-0.17 actual earnings per share reported by Verisante Technology Inc for the previous quarter, Wall Street now forecasts -517.65% EPS growth.
According to Zacks Investment Research, “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.”
More notable recent Verisante Technology Inc (CVE:VRS) news were published by: Midasletter.com which released: “Why Verisante Technologies May Be a Target for Johnson and Johnson, Covidien” on July 07, 2014, also Seekingalpha.com with their article: “Verisante Technology: The Future Of Cancer Detection” published on November 21, 2011, Business.Financialpost.com published: “Secrets of selling medical devices” on August 23, 2011. More interesting news about Verisante Technology Inc (CVE:VRS) were released by: Midasletter.com and their article: “Midas Letter’s Top 10 Canadian Emerging Technology Stocks” published on April 29, 2014 as well as Businesswire.com‘s news article titled: “Research and Markets: Global Dermatology Diagnostic Devices Market 2015-2019 …” with publication date: April 22, 2015.
VRS Company Profile
Verso Corporation, incorporated on June 6, 2006, is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Firm operates through two divisions: 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. The pulp segment includes pulp products, which are used to manufacture printing, writing, and specialty paper grades and tissue products. The Firm produces a range of products, ranging from coated freesheet and coated groundwood to inkjet and digital paper, supercalendered papers and uncoated freesheet. It also produces and sells market kraft pulp, which is used to manufacture printing and writing paper grades, and tissue products.
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