Real Matters (TSE:REAL) Reaches New 12-Month Low – Here’s Why

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$3.61 and last traded at C$3.71, with a volume of 19430 shares trading hands. The stock had previously closed at C$3.66.

Analyst Ratings Changes

REAL has been the subject of a number of research analyst reports. National Bank Financial reduced their price target on shares of 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. ATB Cormark Capital Markets cut shares of Real Matters from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. Raymond James Financial decreased their target price on shares of 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. Finally, TD dropped their price target 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. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$7.43.

Real Matters Trading Up 1.4%

The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of C$275.62 million, a PE ratio of -13.74, a PEG ratio of -59.18 and a beta of 1.58. The stock’s fifty day simple moving average is C$4.71 and its 200 day simple moving average is C$5.27.

Real Matters (TSE:REAL) last issued its quarterly earnings data 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 during the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. On average, sell-side analysts predict that Real Matters Inc. will post 0.1956803 earnings per share for the current year.

Real Matters Company Profile

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.