VerticalScope (TSE:FORA) Stock Price Up 1.4% – Time to Buy?

VerticalScope Holdings Inc. (TSE:FORA)’s share price was up 1.4% during mid-day trading on Monday . The company traded as high as C$2.85 and last traded at C$2.85. Approximately 901 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 10,942 shares. The stock had previously closed at C$2.81.

Analyst Upgrades and Downgrades

Several research firms have commented on FORA. National Bank Financial cut their target price on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada cut their target price on VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. TD Securities cut their target price on VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a research note on Thursday, March 5th. Finally, Raymond James Financial cut their target price on VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$4.35.

VerticalScope Price Performance

The stock has a market cap of C$60.88 million, a P/E ratio of -7.00 and a beta of 0.46. The company has a 50 day simple moving average of C$2.79 and a 200 day simple moving average of C$2.92. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 62.67.

VerticalScope (TSE:FORA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share for the quarter. The company had revenue of C$16.07 million for the quarter. VerticalScope had a negative return on equity of 11.51% and a negative net margin of 15.53%. Sell-side analysts forecast that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current fiscal year.

VerticalScope Company Profile

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.