Real Matters (TSE:REAL) Hits New 52-Week Low – Here’s Why

Shares of Real Matters Inc. (TSE:REAL) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.61 and last traded at C$3.71, with a volume of 19430 shares. The stock had previously closed at C$3.66.

Analyst Ratings Changes

Several research firms have recently weighed in on REAL. National Bank Financial reduced their price objective on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. ATB Cormark Capital Markets lowered Real Matters from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$8.00 to C$6.00 in a research report on Friday, July 31st. TD reduced 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, July 31st. Finally, Raymond James Financial decreased their price target on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Real Matters has an average rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Stock Down 0.8%

The company has a market cap of C$266.70 million, a price-to-earnings ratio of -13.30, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. The stock’s fifty day moving average is C$4.65 and its two-hundred day moving average is C$5.23.

Real Matters (TSE:REAL) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%.The company had revenue of C$73.12 million during the quarter. Sell-side analysts predict that Real Matters Inc. will post 0.1956803 earnings per share 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.