Brokerages Set VerticalScope Holdings Inc. (TSE:FORA) PT at C$8.13

Shares of VerticalScope Holdings Inc. (TSE:FORA) have received an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$8.13.

FORA has been the subject of several recent analyst reports. CIBC boosted their price objective on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. National Bankshares cut their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday.

VerticalScope Stock Performance

Shares of TSE FORA opened at C$2.86 on Thursday. VerticalScope has a 52-week low of C$2.83 and a 52-week high of C$14.75. The firm’s fifty day moving average is C$3.09 and its two-hundred day moving average is C$3.34. The company has a market cap of C$61.52 million, a P/E ratio of -11.92 and a beta of 1.13. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65.

VerticalScope (TSE:FORA) last announced its earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$20.45 million during the quarter. VerticalScope had a return on equity of 3.38% and a net margin of 4.06%. As a group, analysts anticipate that VerticalScope will post 0.3740942 EPS 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.