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Last $0.40 USD
Change Today -0.0248 / -5.90%
Volume 50.6K
VRS On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 4:15 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

verso corp (VRS) Snapshot

Open
$0.42
Previous Close
$0.42
Day High
$0.44
Day Low
$0.40
52 Week High
12/31/14 - $3.75
52 Week Low
08/4/15 - $0.40
Market Cap
32.4M
Average Volume 10 Days
210.8K
EPS TTM
$-3.89
Shares Outstanding
81.9M
EX-Date
03/5/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VERSO CORP (VRS)

verso corp (VRS) Related Businessweek News

No Related Businessweek News Found

verso corp (VRS) Details

Verso Corporation manufactures and supplies coated papers in the United States. The company offers coated groundwood paper used for catalogs and magazines; and coated freesheet paper used primarily for annual reports, brochures, and magazine covers. It also provides northern bleached hardwood kraft pulp, which is used to manufacture printing and writing paper grades, and tissue products; recycled paper for specific customer requirements; and customized product solutions by producing paper grades with customer-specified weight, brightness, and pulp mix characteristics. In addition, the company offers ultra-lightweight uncoated printing papers, and ultra-lightweight coated and uncoated flexible packaging papers. It serves catalog, magazine, insert, and commercial printing markets through direct sales, commercial printers, paper merchants, and brokers. The company was formerly known as Verso Paper Corp. and changed its name to Verso Corporation in January 2015. Verso Corporation was founded in 2006 and is headquartered in Memphis, Tennessee.

1,630 Employees
Last Reported Date: 03/10/15
Founded in 2006

verso corp (VRS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Senior Vice President of Manufacturing & Ener...
Total Annual Compensation: $770.4K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $606.4K
Senior Vice President of Sales, Marketing & P...
Total Annual Compensation: $701.9K
Compensation as of Fiscal Year 2014.

verso corp (VRS) Key Developments

Verso Addresses NYSE Continued Listing Standard

Verso Corporation announced that the New York Stock Exchange has notified Verso that it has fallen below the NYSE’s continued listing standard requiring that the average share price of Verso’s common stock be at least $1.00 over a consecutive 30-trading-day period. As of June 24, 2015, the date of the NYSE notification, the average closing price of Verso’s common stock over the past 30 consecutive trading days was $0.96 per share. Verso intends to regain compliance with the NYSE’s continued listing standard by bringing the share price and the average share price of Verso’s common stock back to at least $1.00 within the required period of six months after receipt of the NYSE notification, i.e., by December 24, 2015. However, if Verso cannot cure the share price deficiency by such date, Verso intends to conduct a reverse stock split to facilitate achieving the $1.00 share price and average share price. In such case, as permitted by the NYSE’s rules, Verso would solicit stockholder approval of an appropriate amendment of its certificate of incorporation at its next annual stockholders meeting to be held in May 2016 and would effect the reverse stock split promptly thereafter.

Verso Corp Introduces Ideal(r) Offset Web

Verso Corp. introduced Ideal(r) Offset, an uncoated freesheet web product. Ideal(r) Offset delivers a great balance of brightness, shade, consistency and affordability in an uncoated freesheet product. Its 92 brightness and new bluer-white shade, combined with consistent on-press performance and excellent printability, makes Ideal(r) Offset an easy choice for a broad range of commercial printing applications such as annual reports, brochures, bulletins, catalogs, coupons, direct mail, financial documents, flyers, manuals, marketing collateral and newsletters. It is available in 50 lb. to 80 lb. smooth offset, 50 lb. to 60 lb. vellum, and 7 pt. and 9 pt. reply card.

Robert P. Mundy to Leave Verso Corporation as Senior Vice President and Chief Financial Officer, Effective June 30, 2015

Verso Corporation announced that Robert P. Mundy, its Senior Vice President and Chief Financial Officer, has decided to leave the company to take a similar position with Packaging Corporation of America. To ensure a smooth transition, Mr. Mundy has agreed to remain with Verso through June 30, 2015, and to provide periodic transitional assistance for two months thereafter.

 

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VRS Competitors

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Company Last Change
Cascades Inc C$7.64 CAD +0.01
Clearwater Paper Corp $58.08 USD -0.79
Neenah Paper Inc $60.05 USD -0.35
PH Glatfelter Co $19.58 USD -0.87
Wausau Paper Corp $8.69 USD -0.11
View Industry Companies
 

Industry Analysis

VRS

Industry Average

Valuation VRS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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