Verso Corporation (NYSE:VRS) traded at a new 52-week high today of $19.60. This new high was reached on below average trading volume as 193,000 shares traded hands, while the average 30-day volume is approximately 286,000 shares.
Based on a current price of $19.27, Verso Corporation is currently 67.2% above its average consensus analyst price target of $6.32.
In the past 52 weeks, Verso Corporation share prices are bracketed by a low of $7.36 and a high of $19.60 and is now at $19.27, 162% above that low price.
Verso Corp is a North American producer of printing papers, specialty papers, and pulp. The company produces a wide range of paper products, including coated freesheet, coated groundwood, coated digital, inkjet, supercalendered, and uncoated freesheet. These paper products are used primarily in media and marketing applications, such as catalogs, magazines, advertising brochures, and annual reports. The company also sells kraft pulp, which is used to manufacture tissue products and printing and writing grade paper; however, the group derives the majority of its revenue from its paper products.
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