Bridgemarq Real Estate Services (TSE:BRE) Reaches New 52-Week Low – Time to Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week low on Monday . The stock traded as low as C$3.71 and last traded at C$3.72, with a volume of 17074 shares trading hands. The stock had previously closed at C$3.78.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and lowered their price objective for the company from C$12.50 to C$11.25 in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average 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 -82.27. The company has a market cap of C$35.28 million, a PE ratio of 14.88 and a beta of 0.87. The firm has a 50 day moving average of C$7.87 and a two-hundred day moving average of C$11.67.

Bridgemarq Real Estate Services (TSE:BRE) last released its earnings results on Thursday, August 13th. The company reported C$0.06 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.