Real Matters (TSE:REAL) Trading Up 1.2% – Time to Buy?

Real Matters Inc. (TSE:REAL)’s share price was up 1.2% on Monday . The stock traded as high as C$5.99 and last traded at C$5.96. Approximately 18,045 shares changed hands during trading, a decline of 69% from the average daily volume of 58,408 shares. The stock had previously closed at C$5.89.

Wall Street Analyst Weigh In

Several analysts have weighed in on REAL shares. Cormark decreased their price objective on shares of Real Matters from C$8.75 to C$7.50 in a research note on Thursday, January 30th. Canaccord Genuity Group decreased their price objective on shares of Real Matters from C$8.50 to C$8.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, ATB Capital decreased their price objective on shares of Real Matters from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.56.

Real Matters Price Performance

The company has a debt-to-equity ratio of 2.27, a current ratio of 4.68 and a quick ratio of 3.75. The stock has a market capitalization of C$306.63 million, a P/E ratio of 59.70, a PEG ratio of -59.18 and a beta of 0.86. The company’s 50 day simple moving average is C$5.84 and its two-hundred day simple moving average is C$6.33.

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.