VerticalScope (TSE:FORA) Sets New 12-Month Low – Here’s Why

VerticalScope Holdings Inc. (TSE:FORA) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$2.37 and last traded at C$2.37, with a volume of 14,452 shares changing hands. The stock had previously closed at C$2.78.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James Financial decreased their price objective on shares of VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. National Bank Financial decreased their price objective on shares of VerticalScope from C$4.25 to C$3.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, TD cut their price objective on shares of VerticalScope from C$3.00 to C$2.25 and set a “hold” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$3.45.

VerticalScope Trading Down 2.3%

The company has a market cap of C$47.17 million, a P/E ratio of -6.00 and a beta of 0.83. The firm’s 50-day moving average price is C$2.80 and its 200-day moving average price is C$2.80. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 46.11.

VerticalScope (TSE:FORA) last announced its quarterly earnings results on Tuesday, November 10th. The company reported C$0.01 earnings per share for the quarter. VerticalScope had a negative return on equity of 10.41% and a negative net margin of 14.06%. The company had revenue of C$18.66 million during the quarter. As a group, equities research analysts expect that VerticalScope Holdings Inc. will post 0.37 earnings per share for the current fiscal year.

VerticalScope Company Profile

Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions, and share knowledge about the things they love. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.