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

Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$3.71 and last traded at C$3.72, with a volume of 17074 shares trading hands. The stock had previously closed at C$3.78.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets upgraded Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and decreased their price objective for the stock from C$12.50 to C$11.25 in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$11.25.

Bridgemarq Real Estate Services Price Performance

The stock has a market cap of C$35.28 million, a PE ratio of 14.88 and a beta of 0.87. The business’s 50-day simple moving average is C$7.87 and its 200-day simple moving average is C$11.67. The company has a quick ratio of 3.06, a current ratio of 0.25 and a debt-to-equity ratio of -82.27.

Bridgemarq Real Estate Services (TSE:BRE) last posted its earnings results on Thursday, August 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$97.47 million for the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.

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.