VerticalScope (TSE:FORA) Reaches New 12-Month High – Here’s Why

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

Analyst Ratings Changes

FORA has been the topic of several recent research reports. TD Securities boosted their target price on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Eight Capital upped their target price on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Royal Bank of Canada lifted their price target on VerticalScope from C$15.00 to C$16.00 in a report on Thursday, November 14th. National Bankshares increased their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Finally, Raymond James lifted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th.

VerticalScope Stock Performance

The company has a market capitalization of C$218.97 million, a PE ratio of 168.00 and a beta of -0.02. The stock’s 50-day simple moving average is C$10.03 and its 200 day simple moving average is C$9.05. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80.

Insider Buying and Selling at VerticalScope

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

About VerticalScope

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.