VerticalScope (TSE:FORA) Shares Up 1.6% – Here’s Why

VerticalScope Holdings Inc. (TSE:FORA) shot up 1.6% on Thursday . The company traded as high as C$2.65 and last traded at C$2.60. Approximately 13,506 shares were traded during mid-day trading, an increase of 34% from the average session volume of 10,050 shares. The stock had previously closed at C$2.56.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. 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 research note on Friday, May 15th. National Bank Financial reduced their price target on shares of VerticalScope from C$4.50 to C$4.25 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’s stock. According to data from MarketBeat, VerticalScope has an average rating of “Hold” and an average price target of C$4.35.

VerticalScope Stock Performance

The company has a debt-to-equity ratio of 62.67, a current ratio of 2.62 and a quick ratio of 0.79. The stock has a fifty day moving average price of C$2.66 and a two-hundred day moving average price of C$2.77. The company has a market cap of C$56.53 million, a P/E ratio of -6.50 and a beta of 0.50.

VerticalScope (TSE:FORA) last issued its quarterly earnings results on Thursday, August 13th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$19.64 million for the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. On average, equities analysts forecast that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current fiscal 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.