Bridgemarq Real Estate Services (TSE:BRE) Reaches New 52-Week Low – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$4.50 and last traded at C$4.54, with a volume of 250787 shares changing hands. The stock had previously closed at C$5.21.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and reduced their target price for the company from C$12.50 to C$11.25 in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Bridgemarq Real Estate Services has a consensus rating of “Moderate Buy” and a consensus price target of C$11.25.

Bridgemarq Real Estate Services Price Performance

The company has a quick ratio of 3.06, a current ratio of 0.16 and a debt-to-equity ratio of -105.56. The business’s 50-day simple moving average is C$12.68 and its 200 day simple moving average is C$13.47. The firm has a market capitalization of C$43.06 million, a P/E ratio of -22.70 and a beta of 0.94.

Bridgemarq Real Estate Services (TSE:BRE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share for the quarter. Bridgemarq Real Estate Services had a negative net margin of 0.49% and a positive return on equity of 2.19%. The firm had revenue of C$69.87 million during the quarter.

Bridgemarq Real Estate Services Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 29.7%. Bridgemarq Real Estate Services’s payout ratio is currently -675.00%.

About Bridgemarq Real Estate Services

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.