VerticalScope (TSE:FORA) Posts Earnings Results

VerticalScope (TSE:FORA) announced its quarterly earnings data on Tuesday. The company reported C($0.22) earnings per share (EPS) for the quarter, FiscalAI reports. VerticalScope had a negative net margin of 8.44% and a negative return on equity of 6.62%. The company had revenue of C$20.22 million for the quarter.

VerticalScope Trading Up 13.2%

VerticalScope stock opened at C$3.17 on Thursday. VerticalScope has a 1 year low of C$2.40 and a 1 year high of C$12.33. The firm’s 50 day moving average price is C$2.94 and its 200-day moving average price is C$3.17. The company has a debt-to-equity ratio of 59.23, a current ratio of 2.27 and a quick ratio of 0.79. The stock has a market cap of C$68.19 million, a P/E ratio of -13.21 and a beta of 0.68.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FORA shares. Raymond James Financial dropped their price target on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a research report on Wednesday. Canadian Imperial Bank of Commerce lifted their target price on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Finally, National Bank Financial dropped their target price on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, VerticalScope has a consensus rating of “Hold” and a consensus target price of C$7.63.

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.