VerticalScope Holdings Inc. (TSE:FORA – Get Free Report)’s share price fell 1.5% during trading on Friday. The stock traded as low as C$2.50 and last traded at C$2.61. 33,803 shares changed hands during trading, an increase of 173% from the average session volume of 12,374 shares. The stock had previously closed at C$2.65.
Analyst Ratings Changes
Separately, Raymond James Financial dropped their price target on 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 research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$4.15.
Get Our Latest Analysis on FORA
VerticalScope Stock Performance
The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 46.11. The company has a fifty day moving average price of C$2.84 and a 200 day moving average price of C$2.81. The stock has a market cap of C$56.99 million, a PE ratio of -7.25 and a beta of 0.83.
VerticalScope (TSE:FORA – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.06) earnings per share for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. The company had revenue of C$19.64 million for the quarter. Analysts expect that VerticalScope Holdings Inc. will post 0.37 earnings per share for the current 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.
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