Real Matters (TSE:REAL) Hits New 1-Year Low – Here’s Why

Shares of Real Matters Inc. (TSE:REAL) hit a new 52-week low during mid-day trading on Friday. The company traded as low as C$3.00 and last traded at C$3.00, with a volume of 24,394 shares. The stock had previously closed at C$3.15.

Analysts Set New Price Targets

A number of equities research analysts have commented on REAL shares. Raymond James Financial decreased their price target on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial dropped their price objective on Real Matters from C$6.50 to C$5.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 21st. TD dropped their price objective on Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, ATB Cormark Capital Markets cut Real Matters from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$8.00 to C$6.00 in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$6.30.

Real Matters Stock Performance

The firm’s 50-day moving average price is C$3.72 and its 200-day moving average price is C$5.20. The company has a debt-to-equity ratio of 1.46, a current ratio of 113.51 and a quick ratio of 3.75. The stock has a market cap of C$222.87 million, a P/E ratio of -11.11, a PEG ratio of -59.18 and a beta of 1.86.

Real Matters (TSE:REAL) last issued its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$73.12 million during the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. Sell-side analysts expect that Real Matters Inc. will post 0.20 earnings per share for the current fiscal year.

Real Matters Company Profile

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.