VerticalScope (TSE:FORA) Posts Quarterly Earnings Results

VerticalScope (TSE:FORA) issued its quarterly earnings data on Thursday. The company reported C($0.06) earnings per share for the quarter, FiscalAI reports. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. The company had revenue of C$19.64 million for the quarter.

VerticalScope Price Performance

TSE FORA opened at C$3.08 on Friday. The business’s fifty day moving average is C$2.67 and its 200 day moving average is C$2.78. VerticalScope has a fifty-two week low of C$2.40 and a fifty-two week high of C$4.25. The company has a debt-to-equity ratio of 62.67, a quick ratio of 0.79 and a current ratio of 2.62. The company has a market capitalization of C$66.97 million, a PE ratio of -7.70 and a beta of 0.50.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FORA shares. National Bank Financial lowered their price target on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada reduced their price objective on VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Finally, Raymond James Financial dropped their target price on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, VerticalScope currently has a consensus rating of “Hold” and a consensus target price of C$4.15.

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.