VerticalScope (TSE:FORA) Sets New 52-Week Low – Here’s What Happened

VerticalScope Holdings Inc. (TSE:FORA)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$2.40 and last traded at C$2.56, with a volume of 9501 shares. The stock had previously closed at C$2.54.

Analyst Ratings Changes

Several research analysts recently commented on FORA shares. National Bank Financial 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, January 28th. Canadian Imperial Bank of Commerce raised their target price on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$8.13.

VerticalScope Stock Up 5.9%

The firm has a market capitalization of C$58.29 million, a PE ratio of -11.29 and a beta of 0.68. The firm’s 50 day moving average price is C$2.96 and its two-hundred day moving average price is C$3.19. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

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.