Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – Here’s What Happened

Shares of Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week low during trading on Tuesday. The company traded as low as C$2.24 and last traded at C$2.31, with a volume of 16,981 shares traded. The stock had previously closed at C$2.32.

Wall Street Analyst Weigh In

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

Bridgemarq Real Estate Services Stock Performance

The stock has a 50 day moving average price of C$3.19 and a two-hundred day moving average price of C$10.15. The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of -100.21. The company has a market cap of C$22.10 million, a price-to-earnings ratio of 9.32 and a beta of 1.00.

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

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.