VerticalScope (TSE:FORA) Releases Quarterly Earnings Results

VerticalScope (TSE:FORA) announced its earnings results on Tuesday. The company reported C($0.22) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$20.22 million for the quarter. VerticalScope had a negative return on equity of 6.62% and a negative net margin of 8.44%.

VerticalScope Stock Down 3.1%

Shares of VerticalScope stock traded down C$0.09 on Tuesday, reaching C$2.80. 17,743 shares of the company were exchanged, compared to its average volume of 12,474. The company has a market capitalization of C$60.23 million, a price-to-earnings ratio of -11.67 and a beta of 0.68. The company has a current ratio of 2.27, a quick ratio of 0.79 and a debt-to-equity ratio of 59.23. VerticalScope has a one year low of C$2.40 and a one year high of C$12.33. The company has a 50-day moving average of C$2.94 and a 200 day moving average of C$3.17.

Wall Street Analyst Weigh In

FORA has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce boosted their target price on shares of VerticalScope from C$4.00 to C$4.50 in a research report on Monday, November 10th. National Bank Financial lowered their price objective on VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, VerticalScope has an average rating of “Hold” and an average target price of C$8.13.

About VerticalScope

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.