Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – Here’s Why

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price hit a new 52-week low on Thursday. The stock traded as low as C$2.70 and last traded at C$2.58, with a volume of 22,056 shares trading hands. The stock had previously closed at C$2.66.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price target for the stock from C$12.50 to C$11.25 in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Bridgemarq Real Estate Services has an average rating of “Buy” and an average price target of C$11.25.

Bridgemarq Real Estate Services Price Performance

The company has a debt-to-equity ratio of -100.21, a quick ratio of 3.06 and a current ratio of 0.25. The company has a 50-day simple moving average of C$3.39 and a 200-day simple moving average of C$9.02. The company has a market cap of C$23.99 million, a price-to-earnings ratio of 10.12 and a beta of 1.00.

Bridgemarq Real Estate Services (TSE:BRE) last issued its earnings results on Thursday, August 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$97.47 million during the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.