VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) shares shot up 3.1% during trading on Tuesday . The company traded as high as C$11.00 and last traded at C$10.80. 99,794 shares changed hands during trading, an increase of 127% from the average session volume of 43,907 shares. The stock had previously closed at C$10.48.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on FORA shares. Canaccord Genuity Group upped their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. National Bankshares upped their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Royal Bank of Canada raised their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. CIBC upped their target price on VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Finally, Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th.
Read Our Latest Research Report on FORA
VerticalScope Price Performance
The firm has a market capitalization of C$170.16 million, a P/E ratio of 60.80 and a beta of -0.02. The business's fifty day moving average is C$12.02 and its 200 day moving average is C$9.99. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.
Insiders Place Their Bets
In related news, Director Rob Laidlaw sold 8,500 shares of VerticalScope stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total value of C$107,270.00. Also, Senior Officer Brandon Seibel sold 12,500 shares of the business's stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$11.00, for a total value of C$137,500.00. Over the last 90 days, insiders have sold 25,550 shares of company stock worth $295,321. 37.10% of the stock is owned by insiders.
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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