Real Matters (TSE:REAL) Hits New 52-Week Low at $11.20

Real Matters Inc. (TSE:REAL)’s share price reached a new 52-week low on Monday . The company traded as low as C$11.20 and last traded at C$11.38, with a volume of 153141 shares changing hands. The stock had previously closed at C$11.64.

A number of research analysts have weighed in on REAL shares. TD Securities lowered shares of Real Matters from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$22.00 to C$15.00 in a research note on Friday, July 30th. ATB Capital dropped their price objective on shares of Real Matters from C$26.00 to C$21.00 in a research note on Friday, July 30th. Cormark set a C$15.40 price objective on shares of Real Matters in a research note on Monday, July 26th. National Bank Financial lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$35.00 to C$15.50 in a research note on Friday, July 30th. Finally, BMO Capital Markets dropped their price objective on shares of Real Matters from C$18.00 to C$15.00 in a research note on Friday, July 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$19.04.

The company’s fifty day moving average price is C$13.34 and its 200 day moving average price is C$15.28. The company has a market cap of C$904.32 million and a PE ratio of 21.52. The company has a debt-to-equity ratio of 5.20, a current ratio of 3.76 and a quick ratio of 3.66.

In related news, Director Jason Smith sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 21st. The shares were sold at an average price of C$17.89, for a total transaction of C$53,658.60. Following the completion of the sale, the director now owns 2,566,384 shares in the company, valued at C$45,902,857.50. Insiders have sold 48,000 shares of company stock valued at $806,823 in the last 90 days.

Real Matters Company Profile (TSE:REAL)

Real Matters Inc provides technology and network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity transactions under the Solidifi brand to the mortgage lending industry; and insurance inspection services to property and casualty insurers under the iv3 brand.

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