VerticalScope (TSE:FORA) Issues Earnings Results

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

VerticalScope Stock Performance

FORA remained flat at C$2.21 during midday trading on Thursday. 31,822 shares of the company’s stock traded hands, 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 company has a market capitalization of C$48.26 million, a P/E ratio of -6.14 and a beta of 0.83. VerticalScope has a 52-week low of C$2.04 and a 52-week high of C$3.60. The firm has a fifty day moving average price of C$2.80 and a 200-day moving average price of C$2.80.

Analyst Ratings Changes

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

About VerticalScope

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.