VerticalScope Holdings Inc. (TSE:FORA – Get Free Report)’s stock price shot up 0.8% during mid-day trading on Wednesday . The stock traded as high as C$2.54 and last traded at C$2.51. 5,271 shares traded hands during trading, a decline of 50% from the average daily volume of 10,574 shares. The stock had previously closed at C$2.49.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. National Bank Financial reduced their target price on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada lowered their price target on VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$4.35.
Check Out Our Latest Analysis on FORA
VerticalScope Stock Up 0.8%
VerticalScope (TSE:FORA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.19) EPS for the quarter. VerticalScope had a negative return on equity of 11.51% and a negative net margin of 15.53%.The company had revenue of C$16.07 million for the quarter. On average, equities analysts predict that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current year.
About VerticalScope
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.
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