VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$3.97 and last traded at C$4.00, with a volume of 6731 shares. The stock had previously closed at C$4.03.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on FORA. TD Securities dropped their target price on VerticalScope from C$6.00 to C$4.50 and set a "hold" rating on the stock in a report on Thursday, May 22nd. CIBC dropped their target price on shares of VerticalScope from C$6.00 to C$5.00 in a research report on Thursday, May 22nd. Beacon Securities reduced their target price on shares of VerticalScope from C$19.50 to C$12.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. 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 on the stock in a research note on Thursday, May 22nd. Finally, Royal Bank of Canada downgraded shares of VerticalScope from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$9.00 to C$6.00 in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and three have given 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.
Read Our Latest Research Report on VerticalScope
VerticalScope Stock Down 2.1%
The stock's fifty day moving average is C$5.46 and its two-hundred day moving average is C$9.08. The firm has a market cap of C$65.39 million, a P/E ratio of 23.36 and a beta of -0.02. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.
Insider Buying and Selling
In related news, Director Rob Laidlaw purchased 61,225 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were purchased at an average price of C$4.90 per share, with a total value of C$300,002.50. Over the last quarter, insiders have acquired 62,000 shares of company stock worth $303,871. Corporate insiders own 37.10% of the company's stock.
About VerticalScope
(
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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