VerticalScope (TSE:FORA) Shares Down 0.3% - Here's Why

Key Points

• VerticalScope Holdings Inc. (TSE:FORA) experienced a 0.3% decline in stock price, trading at C$3.04, compared to a previous close of C$3.05.
• Analysts have recently lowered their price targets for VerticalScope, with National Bankshares reducing it from C$6.50 to C$5.50 and TD Securities from C$4.50 to C$4.00.
• The company has an average rating of "Hold" from analysts and an average price target of C$10.15, despite a current market capitalization of C$65.32 million.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) traded down 0.3% during trading on Tuesday . The company traded as low as C$3.03 and last traded at C$3.04. 15,901 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 57,347 shares. The stock had previously closed at C$3.05.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FORA shares. National Bankshares reduced their target price on VerticalScope from C$6.50 to C$5.50 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. TD Securities cut their price target on shares of VerticalScope from C$4.50 to C$4.00 and set a "hold" rating on the stock in a research report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, VerticalScope presently has an average rating of "Hold" and an average target price of C$10.15.

VerticalScope Stock Down 0.3%

The company has a market capitalization of C$65.32 million, a P/E ratio of -19.00 and a beta of 0.44. 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 firm has a fifty day simple moving average of C$3.49 and a 200-day simple moving average of C$4.84.

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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