VerticalScope (TSE:FORA) Stock Jumps 5% – Should You Buy?

Shares of VerticalScope Holdings Inc. (TSE:FORA) rose 5% during trading on Friday. The stock traded as high as C$2.92 and last traded at C$2.92. Approximately 604 shares changed hands during trading, a decline of 95% from the average daily volume of 12,140 shares. The stock had previously closed at C$2.78.

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their price objective on shares of VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, VerticalScope presently has a consensus rating of “Hold” and a consensus target price of C$4.15.

VerticalScope Stock Up 5.0%

The company has a 50 day simple moving average of C$2.86 and a two-hundred day simple moving average of C$2.82. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 46.11. The company has a market capitalization of C$63.76 million, a P/E ratio of -8.11 and a beta of 0.89.

VerticalScope (TSE:FORA) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$19.64 million during the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. As a group, equities analysts predict that VerticalScope Holdings Inc. will post 0.3740942 EPS 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.