VerticalScope (TSE:FORA) Reaches New 12-Month Low Following Analyst Downgrade

Shares of VerticalScope Holdings Inc. (TSE:FORA) hit a new 52-week low during mid-day trading on Wednesday after National Bankshares lowered their price target on the stock from C$5.50 to C$4.50. National Bankshares currently has a sector perform rating on the stock. VerticalScope traded as low as C$2.90 and last traded at C$2.91, with a volume of 44454 shares trading hands. The stock had previously closed at C$2.94.

Separately, CIBC upped their price objective on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$8.13.

VerticalScope Price Performance

The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The business has a fifty day simple moving average of C$3.10 and a 200 day simple moving average of C$3.36. The stock has a market capitalization of C$62.16 million, a P/E ratio of -12.04 and a beta of 1.13.

VerticalScope (TSE:FORA) last issued its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. VerticalScope had a return on equity of 3.38% and a net margin of 4.06%.The business had revenue of C$20.45 million for the quarter. On average, analysts expect that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current 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.