VerticalScope (TSE:FORA) Shares Down 3.5% – Should You Sell?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price dropped 3.5% during trading on Friday . The company traded as low as C$3.03 and last traded at C$3.04. 4,149 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 12,710 shares. The stock had previously closed at C$3.15.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FORA shares. Royal Bank Of Canada cut their price objective on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Raymond James Financial reduced their price target on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Finally, National Bank Financial lowered their target price on VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$4.15.

VerticalScope Stock Down 3.5%

The firm has a market cap of C$66.38 million, a price-to-earnings ratio of -8.44 and a beta of 0.89. The firm has a 50 day moving average price of C$2.78 and a 200-day moving average price of C$2.80. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 46.11.

VerticalScope (TSE:FORA) last announced its earnings results on Thursday, August 13th. The company reported C($0.06) earnings per share for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. The firm had revenue of C$19.64 million during the quarter. On average, equities analysts forecast 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.