VerticalScope (TSE:FORA) Trading 1.4% Higher – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA)’s share price traded up 1.4% during trading on Monday . The stock traded as high as C$2.85 and last traded at C$2.85. 901 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 10,942 shares. The stock had previously closed at C$2.81.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James Financial dropped their price target on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. National Bank Financial dropped their price target on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. TD Securities dropped their price target on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada dropped their price target on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, VerticalScope currently has an average rating of “Hold” and an average price target of C$4.35.

VerticalScope Stock Up 1.4%

The company has a market cap of C$61.96 million, a price-to-earnings ratio of -7.13 and a beta of 0.46. 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 business has a fifty day moving average price of C$2.79 and a two-hundred day moving average price of C$2.93.

VerticalScope (TSE:FORA) last issued its earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share 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 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.