VerticalScope (TSE:FORA) Reaches New 1-Year Low – Should You Sell?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$2.69 and last traded at C$2.74, with a volume of 3230 shares. The stock had previously closed at C$2.71.

Analyst Ratings Changes

FORA has been the subject of a number of research analyst reports. National Bankshares cut their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Canadian Imperial Bank of Commerce raised their price objective on VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, VerticalScope has an average rating of “Hold” and an average target price of C$8.13.

VerticalScope Stock Up 1.1%

The business has a fifty day moving average price of C$3.06 and a two-hundred day moving average price of C$3.29. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The company has a market cap of C$58.94 million, a price-to-earnings ratio of -11.42 and a beta of 0.68.

VerticalScope (TSE:FORA) last posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$20.45 million for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. On average, equities 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.