VerticalScope (TSE:FORA) Issues Earnings Results

VerticalScope (TSE:FORA) posted its earnings results on Thursday. The company reported C($0.06) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$19.64 million for the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%.

VerticalScope Trading Up 1.6%

Shares of VerticalScope stock traded up C$0.04 during mid-day trading on Thursday, hitting C$2.60. 13,506 shares of the stock were exchanged, compared to its average volume of 10,050. The stock has a market capitalization of C$56.53 million, a price-to-earnings ratio of -6.50 and a beta of 0.50. VerticalScope has a twelve month low of C$2.40 and a twelve month high of C$4.25. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 62.67. The company has a 50-day simple moving average of C$2.67 and a 200 day simple moving average of C$2.78.

Wall Street Analyst Weigh In

FORA has been the topic of several research reports. Royal Bank Of Canada lowered their price target on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. National Bank Financial reduced their target price on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$4.35.

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.