VerticalScope (TSE:FORA) Stock Price Down 3.5% – Should You Sell?

Shares of VerticalScope Holdings Inc. (TSE:FORA) traded down 3.5% during trading on Friday . The company traded as low as C$3.03 and last traded at C$3.04. Approximately 4,149 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 12,710 shares. The stock had previously closed at C$3.15.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. National Bank Financial decreased their price target on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Raymond James Financial reduced their price objective on 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. Finally, Royal Bank Of Canada decreased their target price 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. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$4.15.

VerticalScope Price Performance

The company has a market cap of C$66.38 million, a PE ratio of -8.44 and a beta of 0.89. The business’s 50 day moving average price is C$2.78 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 posted its earnings results on Thursday, August 13th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$19.64 million for the quarter. VerticalScope had a negative return on equity of 10.41% and a negative net margin of 14.06%. As a group, analysts forecast that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current year.

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.