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VerticalScope (TSE:FORA) Hits New 1-Year High - Time to Buy?

VerticalScope logo with Communication Services background

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$14.75 and last traded at C$14.60, with a volume of 52123 shares traded. The stock had previously closed at C$13.93.

Analyst Ratings Changes

FORA has been the subject of several research reports. CIBC increased their target price on VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Raymond James increased their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. National Bankshares boosted their target price on shares of VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. TD Securities increased their price target on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Eight Capital lifted their price target on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd.

Check Out Our Latest Analysis on FORA

VerticalScope Trading Down 5.0 %

The stock has a market cap of C$217.11 million, a PE ratio of 77.58 and a beta of -0.02. The firm has a 50-day moving average price of C$11.59 and a 200-day moving average price of C$9.71. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65.

Insiders Place Their Bets

In related news, Director Rob Laidlaw sold 3,300 shares of VerticalScope stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total value of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the company's stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Over the last ninety days, insiders sold 26,400 shares of company stock valued at $304,926. Insiders own 37.10% of the company's stock.

VerticalScope Company Profile

(Get Free Report)

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.

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