VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as C$3.57 and last traded at C$3.58, with a volume of 139748 shares traded. The stock had previously closed at C$3.62.
Analysts Set New Price Targets
FORA has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their price target on shares of 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. CIBC dropped their price objective on shares of VerticalScope from C$6.00 to C$5.00 in a report on Thursday, May 22nd. Royal Bank Of Canada cut shares of 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. National Bankshares lowered their target price on shares of VerticalScope from C$6.50 to C$5.50 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, TD Securities lowered their price objective on shares of VerticalScope from C$4.50 to C$4.00 and set a "hold" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$10.15.
View Our Latest Analysis on VerticalScope
VerticalScope Price Performance
The business's 50 day simple moving average is C$3.96 and its 200-day simple moving average is C$6.61. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The stock has a market capitalization of C$53.57 million, a price-to-earnings ratio of 19.14 and a beta of -0.02.
Insider Transactions at VerticalScope
In related news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of C$4.00 per share, for a total transaction of C$100,000.00. Insiders own 37.10% of the company's stock.
VerticalScope Company Profile
(
Get Free Report)
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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