RESAAS Services (CVE:RSS) Trading 5.6% Higher – Should You Buy?

RESAAS Services Inc. (CVE:RSS)’s stock price shot up 5.6% on Friday . The stock traded as high as C$0.40 and last traded at C$0.38. 102,382 shares were traded during trading, an increase of 254% from the average daily volume of 28,917 shares. The stock had previously closed at C$0.36.

RESAAS Services Price Performance

The company has a 50-day moving average of C$0.45 and a 200-day moving average of C$0.45. The company has a debt-to-equity ratio of -89.66, a quick ratio of 0.74 and a current ratio of 0.10. The firm has a market capitalization of C$31.09 million, a price-to-earnings ratio of -25.87 and a beta of -1.16.

About RESAAS Services

RESAAS Services Inc engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users.