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

Key Points

• Real Matters shares fell to a new 52-week low of C$4.75, down 1.7% from the prior close, with the stock trading below both its 50-day and 200-day moving averages.
• Analysts have broadly reduced their price targets, though the consensus remains a “Moderate Buy” with a C$7.43 target; four analysts rate the stock Buy and three rate it Hold.
• The company reported quarterly revenue of C$73.12 million and EPS of C$0.01, but continues to show weak profitability, including a negative 10.07% net margin and 21.48% negative return on equity.

Shares of Real Matters Inc. (TSE:REAL - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$4.75 and last traded at C$4.75, with a volume of 17010 shares traded. The stock had previously closed at C$4.83.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on REAL. ATB Cormark Capital Markets lowered Real Matters from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$8.00 to C$6.00 in a research report on Friday, July 31st. Raymond James Financial reduced their price target on Real Matters from C$8.25 to C$7.50 and set an "outperform" rating for the company in a research report on Friday, July 31st. BMO Capital Markets lowered their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a "market perform" rating on the stock in a report on Monday, May 4th. TD cut their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Finally, National Bank Financial reduced their target price on shares of Real Matters from C$7.50 to C$6.50 and set a "sector perform" rating for the company in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Real Matters has an average rating of "Moderate Buy" and a consensus price target of C$7.43.

Real Matters Trading Down 1.7%

The firm has a market cap of C$352.88 million, a price-to-earnings ratio of -17.59, a P/E/G ratio of -59.18 and a beta of 1.58. 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 business has a 50-day moving average of C$5.05 and a 200-day moving average of C$5.53.

Real Matters (TSE:REAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. The firm 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%. Research analysts anticipate that Real Matters Inc. will post 0.1956803 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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