VerticalScope (TSE:FORA) Stock Price Up 3.6%

VerticalScope Holdings Inc. (TSE:FORA)’s share price was up 3.6% on Wednesday . The company traded as high as C$8.77 and last traded at C$8.60. Approximately 3,209 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 19,506 shares. The stock had previously closed at C$8.30.

Analysts Set New Price Targets

A number of brokerages have issued reports on FORA. TD Securities upped their price target on shares of VerticalScope from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. CIBC raised their target price on VerticalScope from C$9.00 to C$12.00 in a research note on Friday, May 10th. Raymond James increased their price objective on VerticalScope from C$9.00 to C$11.50 in a report on Wednesday, May 8th. Finally, Eight Capital raised their price objective on VerticalScope from C$12.50 to C$15.00 in a research note on Monday, June 10th.

VerticalScope Price Performance

The company has a 50-day moving average of C$9.07 and a 200 day moving average of C$7.13. The company has a quick ratio of 0.79, a current ratio of 1.91 and a debt-to-equity ratio of 73.40. The stock has a market capitalization of C$157.09 million, a PE ratio of -84.50 and a beta of 0.06.

About VerticalScope

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.