VerticalScope (TSE:FORA) Reaches New 12-Month Low – Time to Sell?

Shares of VerticalScope Holdings Inc. (TSE:FORA) reached a new 52-week low on Tuesday . The stock traded as low as C$2.66 and last traded at C$2.68, with a volume of 1560 shares trading hands. The stock had previously closed at C$2.70.

Analysts Set New Price Targets

Several analysts recently commented on FORA shares. National Bank Financial reduced their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Canadian Imperial Bank of Commerce lifted their price objective on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$8.13.

VerticalScope Stock Performance

The company has a market cap of C$56.14 million, a PE ratio of -10.88 and a beta of 0.68. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The stock’s 50-day simple moving average is C$3.03 and its 200 day simple moving average is C$3.24.

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.