RESAAS Services (CVE:RSS) Trading 11.1% Higher – Still a Buy?

RESAAS Services Inc. (CVE:RSSGet Free Report) was up 11.1% on Friday . The company traded as high as C$0.50 and last traded at C$0.50. 72,115 shares were traded during trading, an increase of 151% from the average daily volume of 28,765 shares. The stock had previously closed at C$0.45.

RESAAS Services Trading Up 5.6%

The firm’s 50-day simple moving average is C$0.40 and its 200-day simple moving average is C$0.44. The company has a quick ratio of 0.74, a current ratio of 3.22 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of C$39.92 million, a PE ratio of -25.87 and a beta of -1.34.

RESAAS Services Company Profile

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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.

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