VerticalScope (TSE:FORA) Sets New 1-Year High – Still a Buy?

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Securities increased their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their price target on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. Royal Bank of Canada raised their price target on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. National Bankshares raised 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 raised their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th.

VerticalScope Trading Up 4.1 %

The business’s fifty day moving average is C$11.45 and its 200-day moving average is C$9.63. The firm has a market cap of C$228.45 million, a P/E ratio of 81.63 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.

Insider Activity at VerticalScope

In other 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 firm’s stock in a transaction that occurred on Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. Insiders sold a total of 26,400 shares of company stock worth $304,926 in the last quarter. 37.10% of the stock is owned by insiders.

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.