Bridgemarq Real Estate Services (TSE:BRE) Sets New 12-Month Low – Time to Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares hit a new 52-week low during trading on Thursday. The stock traded as low as C$2.70 and last traded at C$2.58, with a volume of 22,056 shares trading hands. The stock had previously closed at C$2.66.

Analysts Set New Price Targets

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

Bridgemarq Real Estate Services Stock Performance

The firm’s 50-day moving average is C$3.45 and its 200-day moving average is C$9.14. The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of -100.21. The firm has a market cap of C$25.23 million, a price-to-earnings ratio of 10.64 and a beta of 1.00.

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

About Bridgemarq Real Estate Services

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.