Real Matters (TSE:REAL) Hits New 1-Year Low - Should You Sell?

Key Points

• Real Matters shares hit a new 52-week low of C$3.30 and last traded at C$3.33, well below their 50-day and 200-day moving averages of C$4.55 and C$5.18.
• Analysts have reduced their price targets, but the consensus remains cautiously positive: four analysts rate the stock Buy and three rate it Hold, producing a “Moderate Buy” consensus and average target of C$7.43.
• The company reported quarterly revenue of C$73.12 million and earnings of C$0.01 per share, but posted 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 Monday. The company traded as low as C$3.30 and last traded at C$3.33, with a volume of 3616 shares traded. The stock had previously closed at C$3.31.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REAL shares. ATB Cormark Capital Markets lowered shares of Real Matters from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$8.00 to C$6.00 in a research note on Friday, July 31st. TD dropped 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. Finally, Raymond James Financial cut their price target on Real Matters from C$8.25 to C$7.50 and set an "outperform" rating for the company in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$7.43.

Real Matters Stock Up 1.5%

The business has a fifty day moving average of C$4.55 and a 200 day moving average of C$5.18. The company has a debt-to-equity ratio of 1.46, a current ratio of 113.51 and a quick ratio of 3.75. The stock has a market capitalization of C$249.61 million, a price-to-earnings ratio of -12.44, a PEG ratio of -59.18 and a beta of 1.58.

Real Matters (TSE:REAL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share 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, equities analysts predict that Real Matters Inc. will post 0.1956803 earnings per share 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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