VerticalScope (TSE:FORA) Shares Down 0.4% – Here’s What Happened

VerticalScope Holdings Inc. (TSE:FORA)’s stock price fell 0.4% during trading on Monday . The company traded as low as C$2.67 and last traded at C$2.79. 25,500 shares traded hands during trading, an increase of 108% from the average session volume of 12,236 shares. The stock had previously closed at C$2.80.

Analysts Set New Price Targets

A number of research firms have commented on FORA. National Bank Financial reduced their target price on VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Raymond James Financial reduced their target price on VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, TD Securities reduced their target price on VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$4.83.

VerticalScope Trading Down 0.4%

The firm has a market cap of C$60.49 million, a P/E ratio of -7.54 and a beta of 0.17. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.79 and a current ratio of 2.62. The firm has a fifty day moving average of C$2.87 and a 200-day moving average of C$3.12.

VerticalScope (TSE:FORA) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.22) earnings per share (EPS) for the quarter. The company had revenue of C$20.22 million during the quarter. VerticalScope had a negative return on equity of 10.35% and a negative net margin of 13.83%. Equities research analysts forecast that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current 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.