Real Matters (TSE:REAL) Hits New 12-Month Low – Should You Sell?

Real Matters Inc. (TSE:REAL)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$4.83 and last traded at C$4.89, with a volume of 18174 shares changing hands. The stock had previously closed at C$4.99.

Wall Street Analysts Forecast Growth

REAL has been the topic of a number of analyst reports. National Bank Financial decreased their price objective on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. BMO Capital Markets dropped their target price on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a report on Monday, May 4th. Finally, Raymond James Financial cut their target price on Real Matters from C$9.00 to C$8.25 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.38.

Real Matters Stock Performance

The business has a fifty day moving average of C$5.27 and a 200 day moving average of C$5.83. The company has a market cap of C$365.49 million, a P/E ratio of -14.47, a P/E/G ratio of -59.18 and a beta of 1.62. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last released its quarterly earnings results on Friday, May 1st. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$65.68 million for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. On average, equities analysts predict that Real Matters Inc. will post 0.1956803 EPS for the current year.

About Real Matters

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.