VerticalScope (TSE:FORA) Trading 2.6% Higher - Time to Buy?

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) shares were up 2.6% during trading on Thursday . The company traded as high as C$4.86 and last traded at C$4.79. Approximately 20,632 shares changed hands during trading, a decline of 71% from the average daily volume of 71,057 shares. The stock had previously closed at C$4.67.

Analyst Upgrades and Downgrades

FORA has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their target price on VerticalScope from C$10.00 to C$9.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. National Bankshares lifted their price target on VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Cormark raised their price objective on VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Canaccord Genuity Group dropped their price target on VerticalScope from C$17.00 to C$10.00 in a research report on Wednesday, April 9th. Finally, Beacon Securities lowered their price objective on VerticalScope from C$19.50 to C$12.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$12.10.

VerticalScope Price Performance

The business has a 50 day moving average price of C$6.98 and a 200-day moving average price of C$9.42. 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 company has a market capitalization of C$68.85 million, a price-to-earnings ratio of 24.60 and a beta of -0.02.

Insiders Place Their Bets

In related news, Director Rob Laidlaw acquired 61,225 shares of VerticalScope stock in a transaction dated Friday, April 11th. The shares were purchased at an average cost of C$4.90 per share, with a total value of C$300,002.50. Insiders have purchased a total of 62,000 shares of company stock worth $303,871 over the last 90 days. Corporate insiders own 37.10% of the company's stock.

VerticalScope Company Profile

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.