Real Matters (TSE:REAL) Hits New 12-Month Low – What’s Next?

Shares of Real Matters Inc. (TSE:REAL) hit a new 52-week low during trading on Tuesday . The company traded as low as C$4.40 and last traded at C$4.45, with a volume of 6078 shares changing hands. The stock had previously closed at C$4.53.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. 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 report on Friday, July 31st. BMO Capital Markets cut their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. ATB Cormark Capital Markets lowered Real Matters from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$8.00 to C$6.00 in a research note on Friday, July 31st. National Bank Financial decreased their target price on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, TD lowered their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.43.

Real Matters Trading Down 3.8%

The stock has a 50 day moving average of C$5.01 and a 200-day moving average of C$5.47. The company has a market capitalization of C$323.90 million, a P/E ratio of -16.15, a P/E/G ratio of -59.18 and a beta of 1.58. The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46.

Real Matters (TSE:REAL) last released its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. The company had revenue of C$73.12 million during the quarter. On average, research 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.