VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as C$3.75 and last traded at C$3.75, with a volume of 11667 shares traded. The stock had previously closed at C$3.76.
Analyst Ratings Changes
FORA has been the subject of several analyst reports. Royal Bank Of Canada downgraded shares of VerticalScope from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$9.00 to C$6.00 in a report on Thursday, May 22nd. Canaccord Genuity Group reduced 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 report on Thursday, May 22nd. TD Securities lowered their price objective on VerticalScope from C$6.00 to C$4.50 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. CIBC cut their target price on VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd. Finally, National Bankshares lowered their price objective on VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$10.45.
Check Out Our Latest Stock Analysis on VerticalScope
VerticalScope Trading Up 3.5%
The company has a market cap of C$60.34 million, a P/E ratio of 21.56 and a beta of -0.02. The stock's 50 day moving average is C$4.02 and its 200-day moving average is C$6.91. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.
Insiders Place Their Bets
In other news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of VerticalScope stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of C$4.00 per share, with a total value of C$100,000.00. Corporate 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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