VerticalScope Holdings Inc. (TSE:FORA) Receives Average Recommendation of “Hold” from Brokerages

Shares of VerticalScope Holdings Inc. (TSE:FORA) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$8.25.

Separately, CIBC raised their target price on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th.

VerticalScope Price Performance

VerticalScope stock opened at C$3.01 on Wednesday. The stock has a market cap of C$64.75 million, a price-to-earnings ratio of -12.54 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The business has a 50-day simple moving average of C$3.35 and a 200 day simple moving average of C$3.56. VerticalScope has a 52 week low of C$2.90 and a 52 week high of C$14.75.

VerticalScope (TSE:FORA) last released its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. The business had revenue of C$20.45 million during the quarter. On average, research analysts forecast that VerticalScope 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.