Reis Inc. (REIS) Reaches New 52-Week Low at $19.95
Reis Inc. (NASDAQ:REIS) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.95 and last traded at $20.00, with a volume of 31,853 shares traded. The stock had previously closed at $20.33.
A number of analysts have weighed in on the company. Zacks Investment Research raised Reis from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. B. Riley reissued a “buy” rating and issued a $33.25 price target on shares of Reis in a report on Monday, August 1st. Finally, Canaccord Genuity reissued a “buy” rating on shares of Reis in a report on Wednesday, May 4th.
The firm has a 50-day moving average of $24.52 and a 200-day moving average of $23.64. The company has a market capitalization of $226.29 million and a P/E ratio of 30.79.
Reis (NASDAQ:REIS) last posted its earnings results on Thursday, August 4th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm earned $11.60 million during the quarter, compared to the consensus estimate of $12.80 million. On average, analysts forecast that Reis Inc. will post $0.55 EPS for the current fiscal year.
Reis, Inc (Reis) is engaged in providing commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. The Company operates through Reis Services segment. It maintains a database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the United States.
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