Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week low on Monday. The company traded as low as C$2.34 and last traded at C$2.38, with a volume of 23,997 shares trading hands. The stock had previously closed at C$2.31.

Wall Street Analyst Weigh In

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

Bridgemarq Real Estate Services Price Performance

The stock has a market capitalization of C$22.29 million, a PE ratio of 9.40 and a beta of 1.00. The company has a debt-to-equity ratio of -100.21, a current ratio of 0.25 and a quick ratio of 3.06. The firm’s 50 day simple moving average is C$3.06 and its 200 day simple moving average is C$9.93.

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

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.