RESAAS Services (CVE:RSS) Shares Up 2.6% – Should You Buy?

RESAAS Services Inc. (CVE:RSS) shot up 2.6% during trading on Wednesday . The company traded as high as C$0.41 and last traded at C$0.40. 19,100 shares traded hands during trading, a decline of 40% from the average session volume of 32,015 shares. The stock had previously closed at C$0.39.

RESAAS Services Trading Up 2.6%

The company has a fifty day moving average of C$0.45 and a two-hundred day moving average of C$0.40. The company has a current ratio of 0.09, a quick ratio of 0.74 and a debt-to-equity ratio of -85.26. The stock has a market capitalization of C$32.01 million, a price-to-earnings ratio of -25.87 and a beta of -1.07.

About RESAAS Services

RESAAS Services Inc engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users.