Real Matters (TSE:REAL) Reaches New 1-Year Low – What’s Next?

Real Matters Inc. (TSE:REAL)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.95 and last traded at C$3.97, with a volume of 15504 shares traded. The stock had previously closed at C$4.07.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REAL. National Bank Financial cut their price objective on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. ATB Cormark Capital Markets downgraded shares of Real Matters from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. Raymond James Financial cut their price target on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, TD reduced their price target on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$7.43.

Real Matters Stock Up 1.8%

The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46. The company has a market capitalization of C$289.73 million, a price-to-earnings ratio of -14.44, a P/E/G ratio of -59.18 and a beta of 1.58. The stock’s fifty day moving average price is C$4.77 and its 200-day moving average price is C$5.30.

Real Matters (TSE:REAL) last announced its earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$73.12 million during the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. On average, sell-side analysts predict that Real Matters Inc. will post 0.1956803 earnings per share for the current fiscal year.

Real Matters Company Profile

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.