VerticalScope (TSE:FORA) Sets New 52-Week High – Time to Buy?

VerticalScope Holdings Inc. (TSE:FORA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$14.75 and last traded at C$14.60, with a volume of 52123 shares trading hands. The stock had previously closed at C$13.93.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FORA. Eight Capital lifted their target price on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. CIBC lifted their price objective on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. National Bankshares upped their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Canaccord Genuity Group lifted their price target on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price target on shares of VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th.

VerticalScope Stock Down 5.0 %

The firm has a 50-day moving average price of C$11.64 and a two-hundred day moving average price of C$9.73. The firm has a market cap of C$217.11 million, a price-to-earnings ratio of 77.58 and a beta of -0.02. 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 other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of VerticalScope stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total transaction of C$107,270.00. Also, Senior Officer Brandon Seibel sold 12,500 shares of the 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 value of C$137,500.00. Over the last quarter, insiders have sold 26,400 shares of company stock valued at $304,926. 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.