VerticalScope (TSE:FORA) Downgraded by TD Securities to “Hold”

TD Securities cut shares of VerticalScope (TSE:FORA – Get Rating) from a buy rating to a hold rating in a report released on Monday, BayStreet.CA reports. TD Securities currently has C$10.00 target price on the stock, down from their previous target price of C$13.00.

A number of other brokerages have also recently commented on FORA. Raymond James lowered their target price on VerticalScope from C$20.00 to C$16.00 and set an outperform rating for the company in a report on Wednesday, November 9th. National Bankshares reduced their price objective on VerticalScope from C$19.00 to C$15.00 and set an outperform rating on the stock in a research note on Wednesday, November 9th. Royal Bank of Canada lowered their target price on VerticalScope from C$24.00 to C$17.00 and set an outperform rating for the company in a research note on Thursday, November 10th. Finally, Eight Capital reduced their price target on VerticalScope from C$20.00 to C$13.50 in a research report on Thursday, November 10th.

VerticalScope Stock Down 4.6 %

Shares of TSE FORA opened at C$8.00 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 77.81. The business’s 50 day moving average is C$6.04 and its two-hundred day moving average is C$8.25. VerticalScope has a 52-week low of C$4.01 and a 52-week high of C$25.91. The firm has a market cap of C$170.49 million and a price-to-earnings ratio of -5.55.

VerticalScope Company Profile

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VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform in Canada. It provides digital advertising services, including direct advertising campaigns, custom content solutions, and programmatic advertising; and e-commerce solutions. The company also focus on hyper-specific subjects that engender strong affinity from online communities of enthusiasts, super fans, experts, pros, hobbyists, and armchair analysts.