Real Matters (TSE:REAL) Sets New 52-Week Low – Time to Sell?

Real Matters Inc. (TSE:REAL)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$4.90 and last traded at C$4.99, with a volume of 71481 shares trading hands. The stock had previously closed at C$5.11.

Analyst Ratings Changes

A number of equities research analysts have weighed in on REAL shares. BMO Capital Markets lowered their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a report on Monday, May 4th. Raymond James Financial lowered their price objective on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, National Bank Financial cut 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 research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Real Matters presently has an average rating of “Moderate Buy” and an average price target of C$8.38.

Real Matters Trading Down 2.2%

The business has a fifty day moving average of C$5.56 and a 200-day moving average of C$5.95. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.75 and a current ratio of 111.56. The company has a market capitalization of C$371.44 million, a P/E ratio of -14.71, a PEG ratio of -59.18 and a beta of 1.62.

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

Real Matters Company Profile

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.