VerticalScope (TSE:FORA) Sets New 1-Year Low on Analyst Downgrade

VerticalScope Holdings Inc. (TSE:FORA) shares reached a new 52-week low during mid-day trading on Wednesday after National Bankshares lowered their price target on the stock from C$5.50 to C$4.50. National Bankshares currently has a sector perform rating on the stock. VerticalScope traded as low as C$2.90 and last traded at C$2.91, with a volume of 44454 shares traded. The stock had previously closed at C$2.94.

Separately, CIBC upped their price objective on VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, VerticalScope presently has a consensus rating of “Hold” and an average target price of C$8.13.

VerticalScope Stock Performance

The stock’s 50-day simple moving average is C$3.10 and its 200-day simple moving average is C$3.35. The stock has a market cap of C$62.16 million, a price-to-earnings ratio of -12.04 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.

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