Real Matters Inc. (TSE:REAL – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$3.00 and last traded at C$3.00, with a volume of 24,394 shares. The stock had previously closed at C$3.15.
Wall Street Analyst Weigh In
REAL has been the topic of a number of recent analyst reports. National Bank Financial reduced their target price on Real Matters from C$6.50 to C$5.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 21st. Raymond James Financial lowered their price target on 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. ATB Cormark Capital Markets lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$8.00 to C$6.00 in a research note on Friday, July 31st. Finally, TD decreased their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st. Two 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, the company has an average rating of “Hold” and an average target price of C$6.30.
Read Our Latest Analysis on REAL
Real Matters Stock Performance
The firm has a market cap of C$222.87 million, a P/E ratio of -11.11, a PEG ratio of -59.18 and a beta of 1.86. 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 50-day moving average is C$3.76 and its 200 day moving average is C$5.21.
Real Matters (TSE:REAL – Get Free Report) last posted its earnings results 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 firm had revenue of C$73.12 million for the quarter. On average, research analysts predict that Real Matters Inc. will post 0.20 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.
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