VerticalScope (TSE:FORA) Posts Earnings Results

VerticalScope (TSE:FORA) released its quarterly earnings results on Tuesday. The company reported C($0.19) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$16.07 million for the quarter. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%.

VerticalScope Stock Performance

Shares of VerticalScope stock opened at C$2.84 on Wednesday. The stock has a market cap of C$61.57 million, a price-to-earnings ratio of -7.68 and a beta of 0.33. The company has a debt-to-equity ratio of 60.61, a current ratio of 2.62 and a quick ratio of 0.79. VerticalScope has a 1 year low of C$2.40 and a 1 year high of C$4.95. The firm’s 50-day moving average is C$2.90 and its 200 day moving average is C$3.03.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Raymond James Financial dropped their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. TD Securities cut their price objective on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. Finally, National Bank Financial dropped their price target on VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, VerticalScope presently has an average rating of “Hold” and an average target price of C$4.83.

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.