Real Matters (TSE:REAL) Sets New 52-Week Low – Time to Sell?

Real Matters Inc. (TSE:REAL) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$4.83 and last traded at C$4.89, with a volume of 18174 shares traded. The stock had previously closed at C$4.99.

Wall Street Analyst Weigh In

A number of brokerages have commented on REAL. BMO Capital Markets decreased their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Raymond James Financial dropped their price target on Real Matters from C$9.00 to C$8.25 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Finally, National Bank Financial cut their price target on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$8.38.

Real Matters Stock Performance

The firm has a market capitalization of C$366.98 million, a price-to-earnings ratio of -14.53, a P/E/G ratio of -59.18 and a beta of 1.62. The company has a 50-day moving average price of C$5.24 and a 200-day moving average price of C$5.82. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41.

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

About Real Matters

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.