VerticalScope Holdings Inc. (TSE:FORA) Given Consensus Recommendation of “Hold” by Analysts

VerticalScope Holdings Inc. (TSE:FORA) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$8.13.

Several equities analysts have recently commented on FORA shares. CIBC increased their price objective on VerticalScope from C$4.00 to C$4.50 in a research report on Monday, November 10th. National Bankshares reduced their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday.

VerticalScope Stock Performance

TSE FORA opened at C$2.89 on Thursday. VerticalScope has a 52-week low of C$2.88 and a 52-week high of C$14.75. The company has a fifty day moving average of C$3.10 and a 200-day moving average of C$3.35. The company has a market capitalization of C$62.16 million, a P/E ratio of -12.04 and a beta of 1.13. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65.

VerticalScope (TSE:FORA) last released its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. The firm had revenue of C$20.45 million for the quarter. As a group, equities research analysts predict that VerticalScope 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.