VerticalScope (TSE:FORA) Stock Price Up 0.6%

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cormark raised their target price on shares of VerticalScope from C$9.25 to C$12.70 in a research report on Tuesday, March 26th. Royal Bank of Canada lifted their price objective on shares of VerticalScope from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. CIBC raised shares of VerticalScope from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$6.00 to C$9.00 in a research report on Friday, March 15th. Raymond James lifted their price objective on shares of VerticalScope from C$8.00 to C$9.00 in a research report on Thursday, March 14th. Finally, Eight Capital lifted their price objective on shares of VerticalScope from C$7.00 to C$9.00 in a research report on Friday, March 15th.

VerticalScope Trading Up 7.2 %

The business’s 50 day moving average price is C$6.00 and its 200-day moving average price is 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 company 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.