VerticalScope (TSE:FORA) Hits New 52-Week High – Should You Buy?

Shares of VerticalScope Holdings Inc. (TSE:FORA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$11.68 and last traded at C$11.51, with a volume of 40840 shares trading hands. The stock had previously closed at C$11.37.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FORA. Canaccord Genuity Group boosted their price objective on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Eight Capital upped their price target on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a report on Thursday, November 14th. Finally, CIBC increased their target price on shares of VerticalScope from C$9.00 to C$10.00 in a report on Thursday, November 14th.

VerticalScope Stock Performance

The firm has a market cap of C$235.92 million, a PE ratio of 181.00 and a beta of -0.02. 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 company has a 50-day simple moving average of C$10.16 and a two-hundred day simple moving average of C$9.09.

Insider Transactions at VerticalScope

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of VerticalScope stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders have sold 16,650 shares of company stock worth $182,606 in the last ninety days. Company insiders own 37.10% of the company’s stock.

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.