Real Matters (TSE:REAL) Trading Down 0.6% – Here’s Why

Real Matters Inc. (TSE:REAL)’s stock price was down 0.6% on Tuesday . The company traded as low as C$5.06 and last traded at C$5.11. 12,736 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 66,221 shares. The stock had previously closed at C$5.14.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. National Bank Financial lowered their target price on shares of 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. Finally, Raymond James Financial dropped their price target on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.38.

Real Matters Trading Down 0.6%

The company has a market cap of C$379.61 million, a price-to-earnings ratio of -15.03, a P/E/G ratio of -59.18 and a beta of 1.62. The business has a fifty day simple moving average of C$5.35 and a 200 day simple moving average of C$5.86. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last posted its quarterly earnings results on Friday, May 1st. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$65.68 million for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. On average, equities analysts anticipate that Real Matters Inc. will post 0.1956803 EPS for the current fiscal 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.