Headlines about Verso (NYSE:VRS) have been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Verso earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 48.1724631742172 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
Shares of Verso (VRS) traded up $0.06 during trading on Wednesday, reaching $17.00. 577,900 shares of the company’s stock were exchanged, compared to its average volume of 788,770. Verso has a 1 year low of $3.17 and a 1 year high of $17.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. The firm has a market capitalization of $579.47 and a price-to-earnings ratio of -10.12.
Verso (NYSE:VRS) last issued its earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%. research analysts expect that Verso will post -1.15 earnings per share for the current year.
A number of analysts have weighed in on the stock. B. Riley set a $20.00 target price on shares of Verso and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Verso from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. BWS Financial raised their target price on shares of Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a research report on Friday, November 17th. Finally, ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.
In other news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the firm’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,286,595 shares of company stock valued at $21,508,948 in the last ninety days. Insiders own 4.20% of the company’s stock.
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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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