VerticalScope (TSE:FORA) Stock Price Up 0.8% – Should You Buy?

VerticalScope Holdings Inc. (TSE:FORA) rose 0.8% during trading on Wednesday . The company traded as high as C$2.54 and last traded at C$2.51. 5,271 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 10,574 shares. The stock had previously closed at C$2.49.

Wall Street Analysts Forecast Growth

FORA has been the subject of a number of research reports. National Bank Financial reduced their target price on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada dropped their price target on VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$4.35.

VerticalScope Price Performance

The stock has a 50 day moving average of C$2.71 and a two-hundred day moving average of C$2.83. The stock has a market cap of C$54.57 million, a PE ratio of -6.27 and a beta of 0.54. The company has a debt-to-equity ratio of 62.67, a quick ratio of 0.79 and a current ratio of 2.62.

VerticalScope (TSE:FORA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C($0.19) earnings per share (EPS) for the quarter. VerticalScope had a negative return on equity of 11.51% and a negative net margin of 15.53%.The company had revenue of C$16.07 million for the quarter. Equities analysts anticipate that VerticalScope Holdings Inc. will post 0.3740942 EPS 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.