VerticalScope Holdings Inc. (TSE:FORA) Receives Consensus Recommendation of “Hold” from Analysts

VerticalScope Holdings Inc. (TSE:FORA) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$5.86.

Several analysts recently commented on FORA shares. Raymond James Financial reduced their price objective on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. National Bank Financial dropped their target price 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. Finally, TD Securities reduced their price target on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating for the company in a research report on Thursday, March 5th.

VerticalScope Trading Down 3.0%

TSE:FORA opened at C$2.94 on Friday. VerticalScope has a 1 year low of C$2.40 and a 1 year high of C$9.79. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.79 and a current ratio of 2.62. The stock has a fifty day moving average price of C$2.91 and a two-hundred day moving average price of C$3.15. The stock has a market capitalization of C$63.74 million, a price-to-earnings ratio of -7.95 and a beta of 0.41.

VerticalScope (TSE:FORA) last issued its earnings results on Tuesday, March 3rd. The company reported C($0.22) EPS for the quarter. VerticalScope had a negative return on equity of 10.35% and a negative net margin of 13.83%.The company had revenue of C$20.22 million for the quarter. As a group, sell-side analysts anticipate that VerticalScope will post 0.3740942 earnings per share for the current fiscal 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.