VerticalScope (TSE:FORA) Stock Price Down 0.3% – Time to Sell?

VerticalScope Holdings Inc. (TSE:FORA) shares traded down 0.3% on Monday . The company traded as low as C$2.92 and last traded at C$2.97. 7,874 shares traded hands during trading, a decline of 6% from the average session volume of 8,379 shares. The stock had previously closed at C$2.98.

Analyst Upgrades and Downgrades

Separately, CIBC raised their price objective on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$8.25.

VerticalScope Price Performance

The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The company has a market capitalization of C$63.88 million, a price-to-earnings ratio of -12.38 and a beta of 1.13. The company has a 50-day moving average price of C$3.10 and a 200-day moving average price of C$3.36.

VerticalScope (TSE:FORA) last released its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$20.45 million for the quarter. VerticalScope had a return on equity of 3.38% and a net margin of 4.06%. On average, equities research analysts expect that VerticalScope Holdings Inc. will post 0.3740942 EPS for the current fiscal 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.