Verso Corp (VRS) Downgraded to “Strong Sell” at Zacks Investment Research
According to Zacks, “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. “
Separately, BWS Financial started coverage on shares of Verso Corp in a report on Wednesday, July 27th. They issued a buy rating and a $25.00 target price on the stock.
Shares of Verso Corp (NYSE:VRS) traded up 0.30% on Wednesday, reaching $6.70. 1,412 shares of the company traded hands. Verso Corp has a 1-year low of $5.55 and a 1-year high of $12.00. The stock has a 50-day moving average price of $7.24 and a 200 day moving average price of $8.44. The firm’s market capitalization is $230.41 million.
In other news, CFO Allen James Campbell acquired 15,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were purchased at an average cost of $6.09 per share, for a total transaction of $91,350.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Verso Corp 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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