Real Matters (TSE:REAL) Hits New 1-Year Low – What’s Next?

Real Matters Inc. (TSE:REAL) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.75 and last traded at C$4.75, with a volume of 17010 shares trading hands. The stock had previously closed at C$4.83.

Analyst Ratings Changes

REAL has been the topic of several analyst reports. ATB Cormark Capital Markets lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$8.00 to C$6.00 in a research report on Friday, July 31st. National Bank Financial decreased their price objective on shares of 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. BMO Capital Markets lowered their target price on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. TD dropped their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Raymond James Financial cut their price target on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Real Matters currently has an average rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Stock Performance

The firm has a market cap of C$352.13 million, a price-to-earnings ratio of -17.56, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58. The company’s 50-day moving average price is C$5.04 and its 200-day moving average price is C$5.50. The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46.

Real Matters (TSE:REAL) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. The firm had revenue of C$73.12 million during the quarter. Equities analysts expect 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.