Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – Time to Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$4.50 and last traded at C$4.54, with a volume of 250787 shares. The stock had previously closed at C$5.21.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price target for the company from C$12.50 to C$11.25 in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.25.

Bridgemarq Real Estate Services Stock Down 12.9%

The company has a debt-to-equity ratio of -105.56, a quick ratio of 3.06 and a current ratio of 0.16. The firm has a market capitalization of C$43.06 million, a PE ratio of -22.70 and a beta of 0.94. The company’s 50 day simple moving average is C$12.68 and its 200-day simple moving average is C$13.47.

Bridgemarq Real Estate Services (TSE:BRE) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$69.87 million during the quarter. Bridgemarq Real Estate Services had a negative net margin of 0.49% and a positive return on equity of 2.19%.

Bridgemarq Real Estate Services Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.1125 per share. This represents a c) annualized dividend and a yield of 29.7%. The ex-dividend date was Friday, May 29th. Bridgemarq Real Estate Services’s payout ratio is presently -675.00%.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.