VerticalScope (TSE:FORA) Price Target Lowered to C$4.00 at Raymond James Financial

VerticalScope (TSE:FORA) had its price objective trimmed by Raymond James Financial from C$5.00 to C$4.00 in a report issued on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also weighed in on FORA. National Bank Financial decreased their price target on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada cut their price objective 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, VerticalScope has an average rating of “Hold” and an average price target of C$4.15.

VerticalScope Price Performance

TSE FORA opened at C$3.08 on Friday. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 62.67. VerticalScope has a 12 month low of C$2.40 and a 12 month high of C$4.25. The stock has a market cap of C$66.97 million, a price-to-earnings ratio of -7.70 and a beta of 0.50. The company’s 50 day moving average is C$2.67 and its two-hundred day moving average is C$2.78.

VerticalScope (TSE:FORA) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$19.64 million during the quarter. VerticalScope had a negative return on equity of 11.51% and a negative net margin of 15.53%. As a group, research analysts anticipate that VerticalScope will post 0.3740942 earnings per share for the current year.

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.