VerticalScope (TSE:FORA) Stock Price Down 6.9% - Time to Sell?

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) dropped 6.9% on Friday . The company traded as low as C$7.75 and last traded at C$8.01. Approximately 133,066 shares changed hands during trading, an increase of 143% from the average daily volume of 54,830 shares. The stock had previously closed at C$8.60.

Wall Street Analysts Forecast Growth

FORA has been the subject of a number of analyst reports. National Bankshares boosted their price target on VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Friday, March 14th. CIBC raised their price target on shares of VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. TD Securities decreased their price objective on shares of VerticalScope from C$18.00 to C$15.00 and set a "buy" rating for the company in a research report on Tuesday. Raymond James raised their target price on VerticalScope from C$13.00 to C$14.50 and gave the company an "outperform" rating in a research report on Friday, March 14th. Finally, Cormark upped their price target on VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th.

VerticalScope Stock Down 35.5 %

The company has a market cap of C$77.36 million, a PE ratio of 27.64 and a beta of -0.02. The business has a fifty day simple moving average of C$11.18 and a two-hundred day simple moving average of C$10.05. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.

Insider Buying and Selling at VerticalScope

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total transaction of C$107,270.00. Insiders sold a total of 22,250 shares of company stock worth $259,820 in the last three months. 37.10% of the stock is owned by corporate insiders.

VerticalScope Company Profile

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.