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

Shares of Real Matters Inc. (TSE:REAL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.95 and last traded at C$3.97, with a volume of 15504 shares changing hands. The stock had previously closed at C$4.07.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. ATB Cormark Capital Markets downgraded shares of Real Matters from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$8.00 to C$6.00 in a research report on Friday, July 31st. 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 research note on Wednesday, May 27th. Raymond James Financial cut their price objective on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, TD decreased their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Stock Down 3.2%

The company has a debt-to-equity ratio of 1.46, a current ratio of 113.51 and a quick ratio of 3.75. The firm has a market capitalization of C$292.70 million, a P/E ratio of -14.59, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58. The business has a 50 day moving average price of C$4.82 and a 200 day moving average price of C$5.33.

Real Matters (TSE:REAL) last released its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$73.12 million for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. On average, analysts predict 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.