VerticalScope (TSE:FORA) Reaches New 12-Month Low – Here’s What Happened

VerticalScope Holdings Inc. (TSE:FORA)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$2.82 and last traded at C$2.84, with a volume of 21601 shares changing hands. The stock had previously closed at C$2.92.

Analysts Set New Price Targets

A number of research firms recently commented on FORA. National Bankshares lowered their price objective on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. CIBC lifted their price target on VerticalScope from C$4.00 to C$4.50 in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$8.13.

VerticalScope Price Performance

The firm has a market capitalization of C$61.09 million, a P/E ratio of -11.83 and a beta of 0.68. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The business’s fifty day moving average is C$3.09 and its 200 day moving average is C$3.33.

VerticalScope (TSE:FORA) last posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. The company had revenue of C$20.45 million during the quarter. As a group, analysts forecast that VerticalScope Holdings Inc. will post 0.3740942 EPS 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.