VerticalScope (TSE:FORA) Issues Earnings Results

VerticalScope (TSE:FORA) released its quarterly earnings results on Tuesday. The company reported C($0.19) earnings per share (EPS) for the quarter, FiscalAI reports. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%. The company had revenue of C$16.07 million during the quarter.

VerticalScope Trading Down 1.4%

Shares of FORA opened at C$2.80 on Thursday. VerticalScope has a 52-week low of C$2.40 and a 52-week high of C$4.75. The company has a quick ratio of 0.79, a current ratio of 2.62 and a debt-to-equity ratio of 60.61. The firm’s fifty day moving average is C$2.90 and its two-hundred day moving average is C$3.03. The stock has a market cap of C$60.70 million, a PE ratio of -7.57 and a beta of 0.33.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FORA. Raymond James Financial dropped their price target on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. TD Securities lowered their target price on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a research note on Thursday, March 5th. Finally, National Bank Financial lowered their target price on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$4.83.

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.