VerticalScope (TSE:FORA) Trading 0.8% Higher – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price was up 0.8% during mid-day trading on Wednesday . The stock traded as high as C$2.54 and last traded at C$2.51. Approximately 5,271 shares were traded during trading, a decline of 50% from the average session volume of 10,574 shares. The stock had previously closed at C$2.49.

Wall Street Analyst Weigh In

FORA has been the topic of several recent research reports. National Bank Financial cut their price objective on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada lowered their target price on VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VerticalScope presently has a consensus rating of “Hold” and a consensus target price of C$4.35.

VerticalScope Trading Up 0.8%

The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 62.67. The firm has a market capitalization of C$55.44 million, a price-to-earnings ratio of -6.37 and a beta of 0.54. The firm’s 50-day moving average is C$2.70 and its 200 day moving average is C$2.83.

VerticalScope (TSE:FORA) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$16.07 million during the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. On average, equities analysts predict that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current fiscal 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.