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

Real Matters Inc. (TSE:REAL) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$4.90 and last traded at C$4.99, with a volume of 71481 shares changing hands. The stock had previously closed at C$5.11.

Analysts Set New Price Targets

Several research firms have weighed in on REAL. National Bank Financial decreased their price target on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. BMO Capital Markets cut their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. Finally, Raymond James Financial reduced their price objective on Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Real Matters currently has an average rating of “Moderate Buy” and an average target price of C$8.38.

Real Matters Trading Up 8.8%

The stock has a 50 day moving average of C$5.54 and a 200-day moving average of C$5.94. The company has a market capitalization of C$403.38 million, a P/E ratio of -15.97, a P/E/G ratio of -59.18 and a beta of 1.62. The company has a current ratio of 111.56, a quick ratio of 3.75 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last released its earnings results on Friday, May 1st. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. The company had revenue of C$65.68 million during the quarter. On average, research analysts predict that Real Matters Inc. will post 0.1956803 EPS for the current 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.