VerticalScope (TSE:FORA) Stock Price Down 3.5% – Should You Sell?

VerticalScope Holdings Inc. (TSE:FORA) shares were down 3.5% during mid-day trading on Friday . The stock traded as low as C$3.03 and last traded at C$3.04. 4,149 shares were traded during mid-day trading, a decline of 67% from the average session volume of 12,710 shares. The stock had previously closed at C$3.15.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FORA. National Bank Financial cut their price objective on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada dropped their target price on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Finally, Raymond James Financial cut their price target on shares of VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$4.15.

VerticalScope Stock Down 3.5%

The company’s 50-day moving average price is C$2.78 and its 200 day moving average price is C$2.80. The company has a debt-to-equity ratio of 46.11, a quick ratio of 0.79 and a current ratio of 1.65. The stock has a market capitalization of C$66.38 million, a P/E ratio of -8.44 and a beta of 0.89.

VerticalScope (TSE:FORA) last posted its earnings results on Thursday, August 13th. The company reported C($0.06) earnings per share for the quarter. The company had revenue of C$19.64 million for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. As a group, equities analysts expect that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current year.

VerticalScope Company Profile

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.