VerticalScope Holdings Inc. (TSE:FORA - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.85 and last traded at C$3.85, with a volume of 9324 shares. The stock had previously closed at C$3.90.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on FORA. CIBC lowered their target price on VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group lowered their target price on VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating for the company in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered VerticalScope from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. TD Securities lowered their target price on VerticalScope from C$6.00 to C$4.50 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, National Bankshares lowered their target price on VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$10.45.
View Our Latest Research Report on VerticalScope
VerticalScope Stock Performance
The stock has a 50-day moving average of C$4.05 and a 200-day moving average of C$7.19. The firm has a market cap of C$58.61 million, a price-to-earnings ratio of 20.94 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65.
Insider Buying and Selling at VerticalScope
In related news, Senior Officer Christopher Michael Goodridge purchased 25,000 shares of the stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of C$4.00 per share, with a total value of C$100,000.00. 37.10% of the stock is owned by company insiders.
VerticalScope Company Profile
(
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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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