VerticalScope (TSE:FORA) Shares Down 0.4% – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA) shares traded down 0.4% on Monday . The stock 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.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Securities lowered their price objective on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. National Bank Financial lowered their price objective on shares of 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. Finally, Raymond James Financial lowered their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$4.83.

VerticalScope Stock Performance

The company’s fifty day moving average price is C$2.87 and its 200 day moving average price is C$3.11. The company has a market cap of C$62.66 million, a PE ratio of -7.81 and a beta of 0.17. The company has a debt-to-equity ratio of 60.61, a current ratio of 2.62 and a quick ratio of 0.79.

VerticalScope (TSE:FORA) last announced its earnings results on Tuesday, March 3rd. The company reported C($0.22) EPS for the quarter. The firm had revenue of C$20.22 million during the quarter. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%. On average, equities research analysts predict 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.