RESAAS Services (CVE:RSS) Trading Up 11.1% – Still a Buy?

RESAAS Services Inc. (CVE:RSSGet Free Report) shot up 11.1% during trading on Friday . The stock traded as high as C$0.50 and last traded at C$0.50. Approximately 72,115 shares changed hands during trading, an increase of 151% from the average session volume of 28,765 shares. The stock had previously closed at C$0.45.

RESAAS Services Price Performance

The business has a 50 day simple moving average of C$0.40 and a 200-day simple moving average of C$0.44. The firm has a market cap of C$39.92 million, a price-to-earnings ratio of -25.87 and a beta of -1.34. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.74 and a current ratio of 3.22.

RESAAS Services Company Profile

(Get Free Report)

RESAAS Services Inc engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users.

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