RESAAS Services (CVE:RSS) Trading Up 2.7% – Still a Buy?

RESAAS Services Inc. (CVE:RSS) shot up 2.7% on Friday . The company traded as high as C$0.40 and last traded at C$0.39. Approximately 24,500 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 28,019 shares. The stock had previously closed at C$0.38.

RESAAS Services Stock Up 2.7%

The company has a market cap of C$32.35 million, a PE ratio of -25.87 and a beta of -1.13. The business has a 50-day simple moving average of C$0.42 and a 200-day simple moving average of C$0.45. The company has a quick ratio of 0.74, a current ratio of 0.10 and a debt-to-equity ratio of -89.66.

About RESAAS Services

RESAAS Services Inc engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users.