Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week low on Monday . The company traded as low as C$3.71 and last traded at C$3.72, with a volume of 17074 shares traded. The stock had previously closed at C$3.78.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and reduced their price objective for the company from C$12.50 to C$11.25 in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$11.25.

Bridgemarq Real Estate Services Trading Down 1.6%

The firm has a market cap of C$34.71 million, a P/E ratio of 14.64 and a beta of 0.87. The company has a 50 day moving average of C$7.50 and a 200 day moving average of C$11.52. The company has a debt-to-equity ratio of -82.27, a quick ratio of 3.06 and a current ratio of 0.25.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$97.47 million for the quarter. Bridgemarq Real Estate Services had a net margin of 0.59% and a negative return on equity of 2.50%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.