Real Matters (TSE:REAL) Shares Down 0.8% – What’s Next?

Real Matters Inc. (TSE:REAL) shares were down 0.8% during trading on Friday . The company traded as low as C$7.05 and last traded at C$7.13. Approximately 19,553 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 53,125 shares. The stock had previously closed at C$7.19.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on REAL shares. National Bankshares decreased their price objective on Real Matters from C$6.50 to C$5.75 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Raymond James Financial decreased their price objective on Real Matters from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, August 1st. ATB Capital decreased their price objective on Real Matters from C$11.00 to C$10.50 and set an “outperform” rating on the stock in a report on Friday, August 1st. Finally, Canaccord Genuity Group lowered their price target on Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$7.68.

Real Matters Stock Performance

The firm has a 50-day moving average price of C$5.89 and a 200 day moving average price of C$5.81. The firm has a market capitalization of C$528.68 million, a PE ratio of -119.32, a price-to-earnings-growth ratio of -59.18 and a beta of 1.25. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27.

About Real Matters

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company’s platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S.