VerticalScope (TSE:FORA) Trading 1.6% Higher – What’s Next?

Shares of VerticalScope Holdings Inc. (TSE:FORA) were up 1.6% during trading on Thursday . The stock 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.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a report on Friday, May 15th. National Bank Financial reduced their price objective on 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$4.35.

VerticalScope Stock Up 1.6%

The firm has a market capitalization of C$56.53 million, a price-to-earnings ratio of -6.50 and a beta of 0.50. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 62.67. The firm has a 50 day moving average price of C$2.66 and a two-hundred day moving average price of C$2.77.

VerticalScope (TSE:FORA) last issued its 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 during the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. On average, equities analysts expect 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.