Real Matters (TSE:REAL) Hits New 1-Year Low – Here’s Why

Real Matters Inc. (TSE:REAL)’s stock price reached a new 52-week low on Friday. The company traded as low as C$3.16 and last traded at C$3.17, with a volume of 24,409 shares changing hands. The stock had previously closed at C$3.33.

Wall Street Analyst Weigh In

A number of research firms have recently commented on REAL. Raymond James Financial reduced their price objective on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday, July 31st. TD cut their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, ATB Cormark Capital Markets downgraded Real Matters from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$6.60.

Real Matters Stock Performance

The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of C$234.76 million, a P/E ratio of -11.70, a price-to-earnings-growth ratio of -59.18 and a beta of 1.86. The company’s 50 day moving average is C$4.11 and its 200-day moving average is C$4.95.

Real Matters (TSE:REAL) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$73.12 million for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. As a group, equities analysts anticipate that Real Matters Inc. will post 0.20 EPS for the current year.

Real Matters Company Profile

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.