Real Matters (TSE:REAL) Sets New 12-Month Low – Here’s Why

Real Matters Inc. (TSE:REAL)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$4.27 and last traded at C$4.31, with a volume of 26345 shares trading hands. The stock had previously closed at C$4.42.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. National Bank Financial dropped 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. TD reduced their target price on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st. Raymond James Financial decreased their price target on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, ATB Cormark Capital Markets cut shares of Real Matters from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. 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 Price Performance

The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average of C$4.89 and a 200-day moving average of C$5.38. The firm has a market capitalization of C$296.42 million, a P/E ratio of -14.78, a P/E/G ratio of -59.18 and a beta of 1.58.

Real Matters (TSE:REAL) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$73.12 million for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. On average, sell-side 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.