VerticalScope Holdings Inc. (TSE:FORA) Receives Average Recommendation of “Hold” from Brokerages

VerticalScope Holdings Inc. (TSE:FORA) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$8.13.

A number of research firms have recently weighed in on FORA. CIBC increased their price objective on VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. National Bankshares dropped their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday.

VerticalScope Stock Down 1.7%

FORA opened at C$2.89 on Thursday. VerticalScope has a 12 month low of C$2.88 and a 12 month high of C$14.75. 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 50-day moving average price is C$3.10 and its 200-day moving average price is C$3.35. The company has a market cap of C$62.16 million, a P/E ratio of -12.04 and a beta of 1.13.

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. The company had revenue of C$20.45 million for the quarter. VerticalScope had a return on equity of 3.38% and a net margin of 4.06%. On average, equities analysts expect that VerticalScope 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.