VerticalScope (TSE:FORA) Hits New 12-Month High – Here’s Why

Shares of VerticalScope Holdings Inc. (TSE:FORA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$11.08 and last traded at C$11.03, with a volume of 18415 shares trading hands. The stock had previously closed at C$10.82.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. National Bankshares boosted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. TD Securities boosted their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Raymond James boosted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. CIBC boosted their price target on shares of VerticalScope from C$9.00 to C$10.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday, November 14th.

VerticalScope Trading Down 3.0 %

The stock’s fifty day moving average price is C$8.56 and its 200 day moving average price is C$8.79. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The stock has a market cap of C$204.63 million, a PE ratio of 161.86 and a beta of -0.02.

Insider Activity at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of C$8.70 per share, for a total transaction of C$108,750.00. Also, Director Rob Laidlaw purchased 10,000 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was acquired at an average price of C$7.73 per share, for a total transaction of C$77,258.00. 37.10% of the stock is owned by insiders.

VerticalScope Company Profile

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.