Bridgemarq Real Estate Services (TSE:BRE) Hits New 1-Year Low – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$3.90 and last traded at C$4.04, with a volume of 30599 shares. The stock had previously closed at C$4.05.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and cut their price target for the company from C$12.50 to C$11.25 in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$11.25.

Bridgemarq Real Estate Services Trading Down 0.2%

The stock has a fifty day simple moving average of C$9.73 and a 200 day simple moving average of C$12.39. The company has a debt-to-equity ratio of -82.27, a quick ratio of 3.06 and a current ratio of 0.19. The firm has a market cap of C$38.32 million, a P/E ratio of 16.16 and a beta of 0.87.

Bridgemarq Real Estate Services (TSE:BRE) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.06 EPS for the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.The company had revenue of C$97.47 million for the quarter.

Bridgemarq Real Estate Services Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.1125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 33.4%. The ex-dividend date of this dividend was Friday, May 29th. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently 540.00%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.