VerticalScope Holdings Inc. (TSE:FORA) Receives Average Rating of "Hold" from Analysts

Key Points

• VerticalScope Holdings Inc. (TSE:FORA) has received an average analyst rating of "Hold" from covering firms, with four analysts assigning a hold rating and three a buy rating.
• The company’s average 12-month price target stands at C$10.15, though some analysts have recently lowered their price objectives.
• VerticalScope's shares opened at C$3.21 and have shown volatility, reaching a one-year high of C$14.75 and a low of C$3.00.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) has been given an average rating of "Hold" by the seven research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$10.15.

A number of equities analysts have weighed in on FORA shares. TD Securities lowered their price objective on VerticalScope from C$4.50 to C$4.00 and set a "hold" rating on the stock in a research note on Thursday, August 14th. National Bankshares lowered their price objective on VerticalScope from C$6.50 to C$5.50 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th.

VerticalScope Stock Up 0.9%

Shares of FORA opened at C$3.21 on Friday. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. VerticalScope has a one year low of C$3.00 and a one year high of C$14.75. The stock has a market capitalization of C$68.97 million, a price-to-earnings ratio of -20.06 and a beta of 0.44. The stock has a 50 day moving average price of C$3.46 and a 200 day moving average price of C$4.78.

About VerticalScope

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.

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