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

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price reached 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. The stock had previously closed at C$2.66.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised 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 research report on Monday, July 20th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$11.25.

Bridgemarq Real Estate Services Stock Performance

The stock’s 50 day simple moving average is C$3.45 and its two-hundred day simple moving average is C$9.14. The stock has a market capitalization of C$25.23 million, a PE ratio of 10.64 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.

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

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.