NEW YORK (TheStreet) -- Shares of Versar Inc. (VSR) are higher by 13.10% to $3.54 in early afternoon trading on Wednesday, after the company announced it was awarded a $98.3 million firm fixed price design, bid and build, task order, to repair the runway at Dover Air Force Base in Delaware.
Versar, which is headquartered in Springfield, VA, is a global project management company that provided sustainable value oriented solutions to government and commercial clients in a variety of markets.
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Separately, TheStreet Ratings team rates VERSAR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate VERSAR INC (VSR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: