Real Matters (TSE:REAL) Reaches New 52-Week Low – Time to Sell?

Real Matters Inc. (TSE:REAL) shares reached a new 52-week low during trading on Monday. The stock traded as low as C$3.30 and last traded at C$3.33, with a volume of 3616 shares traded. The stock had previously closed at C$3.31.

Analyst Ratings Changes

REAL has been the topic of several research reports. ATB Cormark Capital Markets cut Real Matters from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. Raymond James Financial lowered their price objective on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, TD dropped their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Stock Up 1.5%

The business has a 50-day simple moving average of C$4.55 and a 200-day simple moving average of C$5.18. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. The company has a market cap of C$249.61 million, a price-to-earnings ratio of -12.44, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58.

Real Matters (TSE:REAL) last released its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$73.12 million for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. On average, equities analysts anticipate that Real Matters Inc. will post 0.1956803 earnings per share for the current fiscal year.

Real Matters Company Profile

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.