Real Matters (TSE:REAL) Sets New 52-Week Low – Here’s Why

Real Matters Inc. (TSE:REAL)’s stock price hit a new 52-week low 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD dropped their price objective on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Raymond James Financial dropped 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. ATB Cormark Capital Markets cut shares of Real Matters from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. Finally, National Bank Financial cut their price target 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 note on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Real Matters presently has an average rating of “Moderate Buy” and a consensus target price of C$7.43.

Real Matters Stock Down 2.5%

The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. The firm has a market capitalization of C$320.19 million, a price-to-earnings ratio of -15.96, a PEG ratio of -59.18 and a beta of 1.58. The firm has a fifty day moving average price of C$4.93 and a 200 day moving average price of C$5.40.

Real Matters (TSE:REAL) last issued its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share 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 for the quarter. As a group, sell-side analysts expect that Real Matters Inc. will post 0.1956803 EPS for the current fiscal 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.