Real Matters (TSE:REAL) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Real Matters Inc. (TSE:REAL)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$5.08 and traded as low as C$4.92. Real Matters shares last traded at C$4.97, with a volume of 5,709 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on REAL shares. National Bank Financial decreased their price target on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. ATB Cormark Capital Markets lowered Real Matters from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. BMO Capital Markets lowered their target price on shares of 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. TD cut their price objective on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Raymond James Financial lowered their price target on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$7.43.

Real Matters Stock Up 1.2%

The firm has a market cap of C$369.22 million, a PE ratio of -18.41, a P/E/G ratio of -59.18 and a beta of 1.58. The stock has a 50-day simple moving average of C$5.08 and a two-hundred day simple moving average of C$5.58. The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46.

Real Matters (TSE:REAL) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$73.12 million during the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. Analysts expect that Real Matters Inc. will post 0.1956803 earnings per share for the current 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.