Real Matters (TSE:REAL) Reaches New 12-Month Low – Here’s What Happened

Real Matters Inc. (TSE:REAL)’s share price hit a new 52-week low during mid-day trading on Friday. The stock traded as low as C$3.00 and last traded at C$3.00, with a volume of 24,394 shares. The stock had previously closed at C$3.15.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. National Bank Financial lowered their target price on Real Matters from C$6.50 to C$5.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 21st. TD reduced their price target on Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday, July 31st. ATB Cormark Capital Markets lowered Real Matters from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. Finally, Raymond James Financial lowered their price objective on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$6.30.

Real Matters Stock Performance

The firm’s fifty day moving average price is C$3.76 and its 200-day moving average price is C$5.21. The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46. The company has a market cap of C$222.87 million, a P/E ratio of -11.11, a P/E/G ratio of -59.18 and a beta of 1.86.

Real Matters (TSE:REAL) last issued 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 return on equity of 21.48% and a negative net margin of 10.07%. The business had revenue of C$73.12 million during the quarter. As a group, research analysts forecast that Real Matters Inc. will post 0.20 EPS for the current fiscal year.

Real Matters Company Profile

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.