Real Matters (TSE:REAL) Hits New 12-Month Low – Should You Sell?

Real Matters Inc. (TSE:REAL) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$4.83 and last traded at C$4.89, with a volume of 18174 shares trading hands. The stock had previously closed at C$4.99.

Wall Street Analysts Forecast Growth

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

Real Matters Price Performance

The firm’s 50 day simple moving average is C$5.27 and its two-hundred day simple moving average is C$5.83. 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$365.49 million, a P/E ratio of -14.47, a P/E/G ratio of -59.18 and a beta of 1.62.

Real Matters (TSE:REAL) last released its quarterly earnings data on Friday, May 1st. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$65.68 million for the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%. 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.