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

Shares of VerticalScope Holdings Inc. (TSE:FORA) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$8.13.

FORA has been the topic of several research analyst reports. National Bank Financial reduced their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Canadian Imperial Bank of Commerce lifted their target price on VerticalScope from C$4.00 to C$4.50 in a research report on Monday, November 10th.

VerticalScope Price Performance

FORA stock opened at C$2.54 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. VerticalScope has a 52-week low of C$2.42 and a 52-week high of C$13.80. The stock’s 50 day moving average is C$2.99 and its two-hundred day moving average is C$3.21. The company has a market capitalization of C$54.64 million, a PE ratio of -10.58 and a beta of 0.68.

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.