VerticalScope (TSE:FORA) Shares Down 1.5% – Should You Sell?

VerticalScope Holdings Inc. (TSE:FORA)’s share price traded down 1.5% during trading on Tuesday . The stock traded as low as C$2.57 and last traded at C$2.57. 4,200 shares were traded during trading, a decline of 60% from the average daily volume of 10,394 shares. The stock had previously closed at C$2.61.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FORA shares. TD Securities reduced their price objective on VerticalScope from C$4.00 to C$3.00 and set a “hold” rating for the company in a research report on Thursday, March 5th. Raymond James Financial lowered their price target on VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. 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 research report on Friday, May 15th. Finally, Royal Bank Of Canada reduced 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, VerticalScope has a consensus rating of “Hold” and a consensus target price of C$4.35.

VerticalScope Stock Up 7.0%

The business has a 50-day simple moving average of C$2.74 and a two-hundred day simple moving average of C$2.88. The company has a market cap of C$59.79 million, a price-to-earnings ratio of -6.88 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 2.62 and a debt-to-equity ratio of 62.67.

VerticalScope (TSE:FORA) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($0.19) EPS for the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. The company had revenue of C$16.07 million for the quarter. As a group, 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.