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

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as C$2.47 and last traded at C$2.41, with a volume of 11,647 shares trading hands. The stock had previously closed at C$2.48.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price target 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. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$11.25.

Bridgemarq Real Estate Services Trading Down 1.6%

The company has a debt-to-equity ratio of -100.21, a quick ratio of 3.06 and a current ratio of 0.25. The firm has a fifty day moving average of C$3.32 and a 200 day moving average of C$8.83. The firm has a market capitalization of C$23.14 million, a PE ratio of 9.76 and a beta of 1.00.

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

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.