Real Matters (TSE:REAL) Reaches New 1-Year Low – What’s Next?

Real Matters Inc. (TSE:REAL) shares reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$3.30 and last traded at C$3.33, with a volume of 3616 shares traded. The stock had previously closed at C$3.31.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on REAL shares. ATB Cormark Capital Markets lowered shares of 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. TD cut their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Raymond James Financial reduced their target price on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.43.

Real Matters Price Performance

The business’s 50 day moving average price is C$4.48 and its 200 day moving average price is C$5.14. The stock has a market capitalization of C$248.13 million, a P/E ratio of -12.37, 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 current ratio of 113.51 and a quick ratio of 3.75.

Real Matters (TSE:REAL) last released 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 net margin of 10.07% and a negative return on equity of 21.48%. The firm had revenue of C$73.12 million during the quarter. Sell-side analysts forecast that Real Matters Inc. will post 0.1956803 EPS 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.