Bridgemarq Real Estate Services (TSE:BRE) Sets New 52-Week Low – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$4.24 and last traded at C$4.44, with a volume of 236791 shares changing hands. The stock had previously closed at C$4.98.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upgraded Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and lowered their price target for the company from C$12.50 to C$11.25 in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$11.25.

Bridgemarq Real Estate Services Stock Down 11.8%

The firm has a fifty day moving average price of C$11.35 and a 200 day moving average price of C$13.00. The firm has a market capitalization of C$41.63 million, a price-to-earnings ratio of -21.95 and a beta of 0.87. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. Bridgemarq Real Estate Services had a positive return on equity of 2.19% and a negative net margin of 0.49%.The firm had revenue of C$69.87 million during the quarter.

Bridgemarq Real Estate Services Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.1125 dividend. This represents a c) annualized dividend and a yield of 30.8%. The ex-dividend date was Friday, May 29th. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently -675.00%.

Bridgemarq Real Estate Services Company Profile

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.