VerticalScope (TSE:FORA) Trading Down 0.6% – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA) fell 0.6% on Monday . The company traded as low as C$7.95 and last traded at C$7.96. 18,102 shares traded hands during trading, a decline of 18% from the average session volume of 22,146 shares. The stock had previously closed at C$8.00.

Analyst Ratings Changes

Several equities analysts recently issued reports on FORA shares. CIBC lowered shares of VerticalScope from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th. TD Securities boosted their price objective on VerticalScope from C$15.00 to C$16.00 in a research note on Friday, August 9th.

VerticalScope Stock Performance

The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The firm has a market capitalization of C$148.12 million, a P/E ratio of 113.64 and a beta of -0.02. The company’s 50 day moving average is C$8.25 and its 200-day moving average is C$8.66.

Insider Activity

In related news, Director Rob Laidlaw sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total value of C$450,000.00. In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total transaction of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Over the last 90 days, insiders have sold 79,900 shares of company stock worth $727,906. Company insiders own 37.10% of the company’s stock.

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 provides 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.