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

Shares of Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week low during mid-day trading on Friday. The company traded as low as C$2.78 and last traded at C$2.80, with a volume of 33052 shares traded. The stock had previously closed at C$2.84.

Wall Street Analyst Weigh In

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

Bridgemarq Real Estate Services Stock Down 2.1%

The company has a debt-to-equity ratio of -100.21, a current ratio of 0.25 and a quick ratio of 3.06. The firm has a market capitalization of C$26.37 million, a P/E ratio of 11.12 and a beta of 1.00. The firm’s fifty day moving average price is C$3.61 and its 200-day moving average price is C$9.46.

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