Shares of VerticalScope Holdings Inc. (TSE:FORA – Get Free Report) fell 1.8% on Friday. The stock traded as low as C$2.77 and last traded at C$2.77. 3,801 shares were traded during mid-day trading, a decline of 67% from the average session volume of 11,629 shares. The stock had previously closed at C$2.82.
Analysts Set New Price Targets
Separately, Raymond James Financial reduced their price target on shares of VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$4.15.
Get Our Latest Stock Analysis on FORA
VerticalScope Stock Down 1.8%
The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 46.11. The company has a market cap of C$60.49 million, a P/E ratio of -7.69 and a beta of 1.12. The firm’s 50 day moving average price is C$2.93 and its 200-day moving average price is C$2.80.
VerticalScope (TSE:FORA – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.06) earnings per share (EPS) 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$19.64 million during the quarter. As a group, equities research analysts expect that VerticalScope Holdings Inc. will post 0.37 EPS for the current year.
About VerticalScope
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.
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