Real Matters (TSE:REAL) Sets New 52-Week Low - Should You Sell?

Key Points

• Real Matters shares fell to a new 52-week low of C$3.95, last trading at C$3.97—down 3.2% from the prior close and below both its 50-day and 200-day moving averages.
• Analysts have recently lowered their price targets, but the stock retains a “Moderate Buy” consensus from seven analysts, with an average target of C$7.43.
• The company reported quarterly revenue of C$73.12 million and EPS of C$0.01, 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 hit a new 52-week low during trading on Tuesday . The stock traded as low as C$3.95 and last traded at C$3.97, with a volume of 15504 shares traded. The stock had previously closed at C$4.07.

Wall Street Analyst Weigh In

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

Real Matters Stock Down 3.2%

The business's 50 day simple moving average is C$4.82 and its 200-day simple moving average is C$5.33. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. The company has a market cap of C$292.70 million, a price-to-earnings ratio of -14.59, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58.

Real Matters (TSE:REAL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share (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%. Sell-side analysts expect 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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