National Bankshares Cuts VerticalScope (TSE:FORA) Price Target to C$4.50

VerticalScope (TSE:FORA) had its target price dropped by investment analysts at National Bankshares from C$5.50 to C$4.50 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 55.17% from the stock’s previous close.

Separately, CIBC raised their target price on shares of VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$8.13.

VerticalScope Price Performance

Shares of FORA stock traded down C$0.04 during midday trading on Wednesday, reaching C$2.90. 54,054 shares of the company were exchanged, compared to its average volume of 10,047. The company has a market cap of C$62.38 million, a P/E ratio of -12.08 and a beta of 1.13. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. VerticalScope has a 12 month low of C$2.90 and a 12 month high of C$14.75. The company’s 50 day moving average price is C$3.10 and its two-hundred day moving average price is C$3.36.

VerticalScope (TSE:FORA) last announced its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. The company had revenue of C$20.45 million for the quarter. On average, sell-side analysts expect that VerticalScope 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.