Real Matters (TSE:REAL) Hits New 52-Week Low – Here’s Why

Real Matters Inc. (TSE:REAL)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$4.83 and last traded at C$4.97, with a volume of 9912 shares changing hands. The stock had previously closed at C$4.99.

Analyst Ratings Changes

A number of analysts have recently issued reports on REAL shares. Raymond James Financial dropped their price target on Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research report on Monday, May 4th. BMO Capital Markets decreased their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research report on Monday, May 4th. Finally, National Bank Financial lowered their target price on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.38.

Real Matters Price Performance

The firm’s 50 day simple moving average is C$5.20 and its two-hundred day simple moving average is C$5.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 111.56 and a quick ratio of 3.75. The firm has a market capitalization of C$358.81 million, a P/E ratio of -14.21, a P/E/G ratio of -59.18 and a beta of 1.62.

Real Matters (TSE:REAL) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%.The firm had revenue of C$73.12 million for the quarter. As a group, analysts predict that Real Matters Inc. will post 0.1956803 earnings per share for the current year.

About Real Matters

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.