VerticalScope Holdings Inc. (TSE:FORA – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$2.37 and last traded at C$2.37, with a volume of 14,452 shares traded. The stock had previously closed at C$2.78.
Analyst Ratings Changes
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 on the stock in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$4.06.
View Our Latest Report on FORA
VerticalScope Stock Down 13.7%
The company has a market capitalization of C$52.41 million, a price-to-earnings ratio of -6.67 and a beta of 0.83. 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 business has a 50-day moving average price of C$2.83 and a 200-day moving average price of C$2.81.
VerticalScope (TSE:FORA – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported C($0.06) earnings per share 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 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.
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