VerticalScope (TSE:FORA) Announces Earnings Results

VerticalScope (TSE:FORA) issued its earnings results on Tuesday. The company reported C$0.01 EPS for the quarter, FiscalAI reports. VerticalScope had a negative return on equity of 10.41% and a negative net margin of 14.06%. The firm had revenue of C$18.66 million for the quarter.

VerticalScope Stock Performance

Shares of FORA stock remained flat at C$2.21 during trading hours on Thursday. The stock had a trading volume of 31,822 shares, compared to its average volume of 12,592. The company has a debt-to-equity ratio of 46.11, a current ratio of 1.65 and a quick ratio of 0.79. The stock has a 50-day simple moving average of C$2.80 and a two-hundred day simple moving average of C$2.80. The firm has a market cap of C$48.26 million, a P/E ratio of -6.14 and a beta of 0.83. VerticalScope has a 1-year low of C$2.04 and a 1-year high of C$3.60.

Analyst Ratings Changes

Separately, Raymond James Financial lowered their target price on shares of VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, VerticalScope currently has a consensus rating of “Hold” and an average target price of C$4.06.

VerticalScope Company Profile

Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions, and share knowledge about the things they love. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.