VerticalScope (TSE:FORA) Issues Earnings Results

VerticalScope (TSE:FORA) issued its quarterly earnings results on Thursday. The company reported C($0.06) earnings per share (EPS) for the quarter, FiscalAI reports. 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%.

VerticalScope Stock Up 1.6%

FORA opened at C$2.60 on Friday. VerticalScope has a 1 year low of C$2.40 and a 1 year high of C$4.25. The firm has a 50 day moving average price of C$2.66 and a 200 day moving average price of C$2.77. The company has a debt-to-equity ratio of 62.67, a quick ratio of 0.79 and a current ratio of 2.62. The company has a market cap of C$56.53 million, a PE ratio of -6.50 and a beta of 0.50.

Analyst Ratings Changes

Several research analysts have recently weighed in on FORA shares. National Bank Financial cut their price objective on shares of 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 lowered their target price on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.