Real Matters (TSE:REAL) Reaches New 12-Month Low – Should You Sell?

Real Matters Inc. (TSE:REAL) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$4.90 and last traded at C$4.99, with a volume of 71481 shares changing hands. The stock had previously closed at C$5.11.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on REAL. Raymond James Financial cut their price target on Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research note on Monday, May 4th. National Bank Financial cut their target price on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Finally, BMO Capital Markets decreased their price target on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$8.38.

Real Matters Price Performance

The stock has a market cap of C$371.44 million, a P/E ratio of -14.71, a P/E/G ratio of -59.18 and a beta of 1.62. The company’s 50 day moving average price is C$5.56 and its 200-day moving average price is C$5.95. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last posted its quarterly earnings data on Friday, May 1st. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$65.68 million during the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%. As a group, sell-side analysts expect 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.