VerticalScope (TSE:FORA) Reaches New 1-Year Low – Time to Sell?

VerticalScope Holdings Inc. (TSE:FORA) shares hit a new 52-week low on Monday . The company traded as low as C$2.94 and last traded at C$2.99, with a volume of 56280 shares changing hands. The stock had previously closed at C$3.05.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. National Bankshares cut their target price on VerticalScope from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. TD Securities cut their price objective on VerticalScope from C$4.50 to C$4.00 and set a “hold” rating on the stock in a report on Thursday, August 14th. Finally, CIBC raised their price objective on VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$9.33.

VerticalScope Price Performance

The firm has a market cap of C$64.53 million, a PE ratio of -12.50 and a beta of 0.44. The stock has a 50 day simple moving average of C$3.41 and a two-hundred day simple moving average of C$3.75. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65.

VerticalScope (TSE:FORA) last issued its earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$20.45 million during the quarter. VerticalScope had a return on equity of 3.38% and a net margin of 4.06%. Sell-side 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.