VerticalScope (TSE:FORA) Sets New 12-Month Low – Here’s Why

VerticalScope Holdings Inc. (TSE:FORA) hit a new 52-week low during trading on Monday . The stock traded as low as C$2.40 and last traded at C$2.56, with a volume of 9501 shares. The stock had previously closed at C$2.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce lifted their price target on shares of VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. National Bank Financial decreased their target price on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$8.13.

VerticalScope Price Performance

The stock has a market cap of C$55.07 million, a P/E ratio of -10.67 and a beta of 0.68. The company’s 50 day moving average price is C$2.99 and its 200-day moving average price is C$3.21. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

VerticalScope Company Profile

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.