VerticalScope (TSE:FORA) Reaches New 52-Week Low After Analyst Downgrade

VerticalScope Holdings Inc. (TSE:FORA) hit a new 52-week low on Wednesday after National Bankshares lowered their price target on the stock from C$5.50 to C$4.50. National Bankshares currently has a sector perform rating on the stock. VerticalScope traded as low as C$2.90 and last traded at C$2.91, with a volume of 44454 shares changing hands. The stock had previously closed at C$2.94.

Separately, CIBC boosted their target price on VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.13.

VerticalScope Price Performance

The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The firm has a market capitalization of C$61.30 million, a price-to-earnings ratio of -11.88 and a beta of 1.13. The business’s fifty day simple moving average is C$3.10 and its 200 day simple moving average is C$3.35.

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