Real Matters (TSE:REAL) Stock Price Down 4.6% – Here’s What Happened

Shares of Real Matters Inc. (TSE:REAL) fell 4.6% during trading on Tuesday . The stock traded as low as C$6.53 and last traded at C$6.57. 31,732 shares were traded during trading, a decline of 75% from the average session volume of 127,757 shares. The stock had previously closed at C$6.89.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on REAL. National Bankshares raised their price objective on Real Matters from C$5.75 to C$7.00 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. BMO Capital Markets lifted their price target on Real Matters from C$6.00 to C$7.00 in a research note on Monday, November 24th. Canaccord Genuity Group increased their price objective on Real Matters from C$7.00 to C$10.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, TD Securities lifted their target price on shares of Real Matters from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$8.57.

Real Matters Price Performance

The company has a market cap of C$487.80 million, a PE ratio of -21.19, a price-to-earnings-growth ratio of -59.18 and a beta of 1.51. The business has a 50 day moving average of C$6.29 and a 200 day moving average of C$6.47. The company has a debt-to-equity ratio of 2.27, a current ratio of 4.68 and a quick ratio of 3.75.

Real Matters (TSE:REAL) last issued its quarterly earnings data on Thursday, November 20th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$67.99 million during the quarter. Real Matters had a return on equity of 5.23% and a net margin of 3.31%. As a group, research analysts predict that Real Matters Inc. will post 0.1956803 EPS for the current year.

Real Matters Company Profile

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company’s platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S. Appraisal; U.S. Title and Canada. The company generates maximum revenue from the U.S. Appraisal segment. Its U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, and home equity transactions through its Solidifi brand.