VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) traded down 0.7% during trading on Wednesday . The company traded as low as C$3.99 and last traded at C$3.99. 22,150 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 60,460 shares. The stock had previously closed at C$4.02.
Analysts Set New Price Targets
Several research analysts have weighed in on FORA shares. TD Securities lowered their target price on shares of VerticalScope from C$6.00 to C$4.50 and set a "hold" rating for the company in a research note on Thursday, May 22nd. CIBC lowered their price objective on shares of VerticalScope from C$6.00 to C$5.00 in a research report on Thursday, May 22nd. Raymond James Financial cut their target price on VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. Royal Bank Of Canada lowered VerticalScope from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$9.00 to C$6.00 in a research report on Thursday, May 22nd. Finally, Beacon Securities dropped 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$10.45.
Read Our Latest Analysis on FORA
VerticalScope Stock Down 0.5%
The firm has a market cap of C$62.71 million, a PE ratio of 22.41 and a beta of -0.02. The business has a 50-day moving average price of C$4.21 and a two-hundred day moving average price of C$7.90. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.
Insider Transactions at VerticalScope
In related news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was acquired at an average price of C$4.00 per share, for a total transaction of C$100,000.00. 37.10% of the stock is owned by corporate insiders.
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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