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

Shares of 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 traded. The stock had previously closed at C$4.05.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upgraded shares of 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 note on Monday, July 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Stock Performance

The business has a fifty day simple moving average of C$9.73 and a two-hundred day simple moving average of C$12.39. The company has a quick ratio of 3.06, a current ratio of 0.19 and a debt-to-equity ratio of -82.27. The company 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 announced its earnings results on Thursday, August 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$97.47 million for the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.

Bridgemarq Real Estate Services Dividend Announcement

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

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.