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

Shares of VerticalScope Holdings Inc. (TSE:FORA) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.66 and last traded at C$2.68, with a volume of 1560 shares traded. The stock had previously closed at C$2.70.

Analyst Upgrades and Downgrades

FORA has been the topic of a number of recent analyst reports. National Bank Financial dropped their price objective on 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 upped their price target on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$8.13.

VerticalScope Price Performance

The company has a market cap of C$56.14 million, a price-to-earnings ratio of -10.88 and a beta of 0.68. The company has a fifty day simple moving average of C$3.03 and a two-hundred day simple moving average of C$3.24. 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.