Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price hit a new 52-week low on Friday. The company traded as low as C$2.78 and last traded at C$2.80, with a volume of 33052 shares. The stock had previously closed at C$2.84.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price target for the company from C$12.50 to C$11.25 in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$11.25.

Bridgemarq Real Estate Services Price Performance

The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of -100.21. The firm has a market cap of C$26.37 million, a price-to-earnings ratio of 11.12 and a beta of 1.00. The stock has a 50-day moving average of C$3.61 and a two-hundred day moving average of C$9.46.

Bridgemarq Real Estate Services (TSE:BRE) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.The firm had revenue of C$97.47 million for the quarter.

About Bridgemarq Real Estate Services

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.