Real Matters (TSE:REAL) Stock Passes Below 50 Day Moving Average – What’s Next?

Real Matters Inc. (TSE:REAL)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.08 and traded as low as C$4.92. Real Matters shares last traded at C$4.97, with a volume of 5,709 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on REAL. ATB Cormark Capital Markets lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$8.00 to C$6.00 in a research report on Friday, July 31st. Raymond James Financial lowered their price target on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research report on Friday, July 31st. National Bank Financial dropped their price objective on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. TD decreased their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, BMO Capital Markets lowered their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Real Matters presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.43.

Real Matters Trading Up 1.2%

The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. The company’s 50 day moving average is C$5.08 and its 200 day moving average is C$5.58. The stock has a market capitalization of C$369.22 million, a price-to-earnings ratio of -18.41, a PEG ratio of -59.18 and a beta of 1.58.

Real Matters (TSE:REAL) last posted its quarterly earnings results 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%. On average, research analysts forecast that Real Matters Inc. will post 0.1956803 EPS for the current fiscal 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.