VerticalScope Holdings Inc. (TSE:FORA - Get Free Report)'s share price traded down 7.2% during trading on Wednesday . The company traded as low as C$3.85 and last traded at C$4.00. 82,126 shares traded hands during trading, an increase of 24% from the average session volume of 66,198 shares. The stock had previously closed at C$4.31.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Beacon Securities decreased their price objective on VerticalScope from C$19.50 to C$12.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. CIBC decreased their price objective on VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group decreased their price objective 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. Raymond James decreased their target price on VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th. Finally, National Bankshares decreased 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, VerticalScope presently has a consensus rating of "Hold" and an average target price of C$10.45.
Read Our Latest Report on VerticalScope
VerticalScope Stock Up 9.4%
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 50 day simple moving average of C$4.97 and a 200-day simple moving average of C$8.93. The stock has a market cap of C$68.06 million, a P/E ratio of 24.32 and a beta of -0.02.
Insider Buying and Selling at VerticalScope
In related news, Director Rob Laidlaw purchased 61,225 shares of VerticalScope stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average price of C$4.90 per share, with a total value of C$300,002.50. Also, Senior Officer Christopher Michael Goodridge purchased 25,000 shares of VerticalScope stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average cost of C$4.00 per share, for a total transaction of C$100,000.00. Insiders have acquired 87,000 shares of company stock worth $403,871 over the last 90 days. Company insiders own 37.10% of the company's stock.
About VerticalScope
(
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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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