Real Matters (TSE:REAL) Reaches New 12-Month Low - Here's Why

Key Points

• Real Matters shares hit a new 52-week low, falling to C$3.61 before last trading at C$3.71, well below the 50-day and 200-day moving averages of C$4.71 and C$5.27.
• Analysts have recently lowered their price targets and one firm downgraded the stock to “sector perform,” though the overall consensus remains “Moderate Buy” with an average target of C$7.43.
• The company reported quarterly revenue of C$73.12 million and EPS of C$0.01, but remains unprofitable, with a negative 10.07% net margin and 21.48% return on equity.

Real Matters Inc. (TSE:REAL - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as C$3.61 and last traded at C$3.71, with a volume of 19430 shares traded. The stock had previously closed at C$3.66.

Analyst Ratings Changes

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

Real Matters Stock Performance

The company has a market capitalization of C$275.62 million, a PE ratio of -13.74, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58. 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 business's fifty day moving average is C$4.71 and its two-hundred day moving average is C$5.27.

Real Matters (TSE:REAL - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C$0.01 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 for the quarter. Equities research analysts predict that Real Matters Inc. will post 0.1956803 earnings per share for the current year.

About Real Matters

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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