VerticalScope (TSE:FORA) Shares Down 1.8% – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA) traded down 1.8% during mid-day trading on Friday. The company traded as low as C$2.77 and last traded at C$2.77. Approximately 3,801 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 11,629 shares. The stock had previously closed at C$2.82.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial decreased their price objective on shares of VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$4.15.

VerticalScope Stock Performance

The stock has a fifty day simple moving average of C$2.93 and a two-hundred day simple moving average of C$2.80. The company has a debt-to-equity ratio of 46.11, a quick ratio of 0.79 and a current ratio of 1.65. The stock has a market cap of C$60.49 million, a price-to-earnings ratio of -7.69 and a beta of 1.12.

VerticalScope (TSE:FORA) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$19.64 million for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. Analysts expect that VerticalScope Holdings Inc. will post 0.37 EPS for the current fiscal year.

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.