Real Matters (TSE:REAL) Hits New 1-Year Low - Here's Why

Key Points

• Real Matters shares fell to a new 52-week low, trading as low as C$3.16 versus the prior close of C$3.33.
• Analysts recently reduced their price targets, with ATB Cormark downgrading the stock to “sector perform.” The consensus rating is “Hold,” with an average target of C$6.60.
• The company reported C$0.01 in quarterly EPS on C$73.12 million in revenue, while posting a negative net margin of 10.07% and negative return on equity of 21.48%.

Real Matters Inc. (TSE:REAL - Get Free Report) shares reached a new 52-week low on Friday. The company traded as low as C$3.16 and last traded at C$3.17, with a volume of 24,409 shares changing hands. The stock had previously closed at C$3.33.

Analyst Ratings Changes

REAL has been the topic of several research reports. ATB Cormark Capital Markets lowered shares of Real Matters from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. TD dropped their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, Raymond James Financial dropped their price objective on shares of Real Matters from C$8.25 to C$7.50 and set an "outperform" rating for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Real Matters presently has a consensus rating of "Hold" and an average price target of C$6.60.

Real Matters Stock Performance

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's 50-day simple moving average is C$4.11 and its 200-day simple moving average is C$4.95. The stock has a market capitalization of C$234.76 million, a price-to-earnings ratio of -11.70, a PEG ratio of -59.18 and a beta of 1.86.

Real Matters (TSE:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$73.12 million during the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. On average, analysts expect that Real Matters Inc. will post 0.20 EPS for the current 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.

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