VerticalScope (TSE:FORA) Stock Price Up 0.6%

VerticalScope Holdings Inc. (TSE:FORA)’s share price rose 0.6% during trading on Tuesday . The company traded as high as C$7.01 and last traded at C$7.01. Approximately 29,840 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 22,326 shares. The stock had previously closed at C$6.97.

Analyst Ratings Changes

Several brokerages recently commented on FORA. Eight Capital raised their target price on VerticalScope from C$7.00 to C$9.00 in a report on Friday, March 15th. Cormark raised their target price on VerticalScope from C$9.25 to C$12.70 in a report on Tuesday, March 26th. Raymond James raised their target price on VerticalScope from C$8.00 to C$9.00 in a report on Thursday, March 14th. CIBC upgraded VerticalScope from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$6.00 to C$9.00 in a report on Friday, March 15th. Finally, Royal Bank of Canada raised their target price on VerticalScope from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Friday, March 15th.

VerticalScope Trading Up 7.2 %

The business has a 50 day simple moving average of C$6.00 and a two-hundred day simple moving average of C$5.30. The company has a current ratio of 1.91, a quick ratio of 0.79 and a debt-to-equity ratio of 76.25. The stock has a market cap of C$144.85 million, a price-to-earnings ratio of -24.22 and a beta of 0.03.

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 offers 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.