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

Shares of Real Matters Inc. (TSE:REAL) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$4.83 and last traded at C$4.97, with a volume of 9912 shares changing hands. The stock had previously closed at C$4.99.

Analyst Ratings Changes

A number of analysts have commented on REAL shares. Raymond James Financial lowered their target price on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a report on Monday, May 4th. National Bank Financial reduced their price target on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, BMO Capital Markets decreased their price objective on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$8.38.

Real Matters Stock Down 0.2%

The firm has a market cap of C$369.95 million, a P/E ratio of -14.65, a price-to-earnings-growth ratio of -59.18 and a beta of 1.62. The firm’s 50 day moving average is C$5.22 and its two-hundred day moving average is C$5.80. The company has a current ratio of 111.56, a quick ratio of 3.75 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last issued its earnings results on Friday, May 1st. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$65.68 million during the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. As a group, research analysts anticipate that Real Matters Inc. will post 0.1956803 EPS for the current fiscal 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.