VerticalScope (TSE:FORA) Stock Price Up 2% – Here’s What Happened

VerticalScope Holdings Inc. (TSE:FORA)’s share price traded up 2% on Tuesday . The company traded as high as C$3.10 and last traded at C$3.10. 7,035 shares were traded during trading, a decline of 86% from the average session volume of 50,069 shares. The stock had previously closed at C$3.04.

Wall Street Analysts Forecast Growth

FORA has been the subject of several recent research reports. CIBC increased their price target on VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. TD Securities lowered their target price on VerticalScope from C$4.50 to C$4.00 and set a “hold” rating for the company in a research note on Thursday, August 14th. Finally, National Bankshares dropped their target price on VerticalScope from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VerticalScope currently has a consensus rating of “Hold” and an average target price of C$8.25.

VerticalScope Trading Up 2.0%

The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The business’s 50 day moving average is C$3.38 and its 200-day moving average is C$3.60. The firm has a market cap of C$66.68 million, a P/E ratio of -12.92 and a beta of 0.68.

VerticalScope (TSE:FORA) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$20.45 million for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. As a group, analysts forecast that VerticalScope Holdings Inc. will post 0.3740942 earnings per share 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.