VerticalScope (TSE:FORA) Shares Down 1.8% – Here’s Why

VerticalScope Holdings Inc. (TSE:FORA)’s share price was down 1.8% during mid-day trading on Friday. The company traded as low as C$2.77 and last traded at C$2.77. Approximately 3,801 shares were traded during trading, a decline of 67% from the average session volume of 11,629 shares. The stock had previously closed at C$2.82.

Wall Street Analyst Weigh In

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

VerticalScope Stock Down 1.8%

The company has a debt-to-equity ratio of 46.11, a quick ratio of 0.79 and a current ratio of 1.65. The company has a market cap of C$60.49 million, a price-to-earnings ratio of -7.69 and a beta of 1.12. The business has a 50-day simple moving average of C$2.93 and a 200-day simple moving average of C$2.80.

VerticalScope (TSE:FORA) last announced its quarterly earnings data on Thursday, August 13th. The company reported C($0.06) earnings per share (EPS) for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. The company had revenue of C$19.64 million during the quarter. On average, equities analysts anticipate that VerticalScope Holdings Inc. will post 0.37 earnings per share for the current fiscal year.

VerticalScope Company Profile

Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions, and share knowledge about the things they love. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.