VerticalScope (TSE:FORA) Trading Down 1.5% – Here’s Why

VerticalScope Holdings Inc. (TSE:FORA) shares fell 1.5% during trading on Tuesday . The stock traded as low as C$2.57 and last traded at C$2.57. Approximately 4,200 shares traded hands during trading, a decline of 60% from the average session volume of 10,394 shares. The stock had previously closed at C$2.61.

Analysts Set New Price Targets

A number of equities research analysts have commented on FORA shares. TD Securities reduced their price target on 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. Royal Bank Of Canada cut their price objective on VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Raymond James Financial cut their price objective on VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, National Bank Financial reduced their target price 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, VerticalScope presently has a consensus rating of “Hold” and a consensus target price of C$4.35.

VerticalScope Stock Performance

The company’s 50-day moving average price is C$2.75 and its two-hundred day moving average price is C$2.89. The company has a market capitalization of C$55.88 million, a price-to-earnings ratio of -6.42 and a beta of 0.46. The company has a debt-to-equity ratio of 62.67, a current ratio of 2.62 and a quick ratio of 0.79.

VerticalScope (TSE:FORA) last released its earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share (EPS) for the quarter. The firm 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 research analysts anticipate that VerticalScope Holdings Inc. will post 0.3740942 EPS 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.