Bridgemarq Real Estate Services (TSE:BRE) Sets New 1-Year Low – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$3.22 and last traded at C$3.25, with a volume of 56272 shares changing hands. The stock had previously closed at C$3.38.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price target for the stock from C$12.50 to C$11.25 in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$11.25.

Bridgemarq Real Estate Services Price Performance

The company has a 50 day moving average of C$6.29 and a two-hundred day moving average of C$11.06. The firm has a market cap of C$28.93 million, a P/E ratio of 12.20 and a beta of 0.82. The company has a quick ratio of 3.06, a current ratio of 0.25 and a debt-to-equity ratio of -100.21.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.06 earnings per share for the quarter. Bridgemarq Real Estate Services had a net margin of 0.59% and a negative return on equity of 2.50%. The company had revenue of C$97.47 million during the quarter.

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.