VerticalScope (TSE:FORA) Shares Down 0.7% - Time to Sell?

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report)'s stock price fell 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 traded hands during trading, a decline of 63% from the average session volume of 60,460 shares. The stock had previously closed at C$4.02.

Analyst Ratings Changes

FORA has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut 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 report on Thursday, May 22nd. Cormark raised their target price on VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Raymond James Financial lowered their price target on VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. TD Securities dropped their price objective on VerticalScope from C$6.00 to C$4.50 and set a "hold" rating for the company in a report on Thursday, May 22nd. Finally, National Bankshares reduced their target price on VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$10.45.

VerticalScope Price Performance

The stock has a market cap of C$63.02 million, a P/E ratio of 22.52 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The firm has a 50-day moving average price of C$4.24 and a 200-day moving average price of C$7.99.

Insider Buying and Selling at VerticalScope

In other VerticalScope news, Director Rob Laidlaw acquired 61,225 shares of the business's stock in a transaction on Friday, April 11th. The shares were acquired at an average price of C$4.90 per share, for a total transaction of C$300,002.50. Also, Senior Officer Christopher Michael Goodridge bought 25,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of C$4.00 per share, with a total value of C$100,000.00. Insiders have acquired 86,300 shares of company stock valued at $400,371 in the last three months. Insiders own 37.10% of the company's stock.

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.