Real Matters (TSE:REAL) Hits New 1-Year Low - Time to Sell?

Key Points

• Real Matters Inc. hit a new 52-week low of C$5.15 with a trading volume of 41,699 shares, down from a previous close of C$5.31.
• Recent analyst ratings indicate a consensus of "Moderate Buy" with an average price target of C$8.56, despite Canaccord Genuity lowering their target to C$8.00.
• The company has a market cap of C$264.96 million and a high debt-to-equity ratio of 2.27, highlighting potential financial risks.

Real Matters Inc. (TSE:REAL - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$5.15 and last traded at C$5.15, with a volume of 41699 shares traded. The stock had previously closed at C$5.31.

Wall Street Analyst Weigh In

A number of research firms have recently commented on REAL. ATB Capital reduced their price objective on shares of Real Matters from C$12.00 to C$11.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Canaccord Genuity Group dropped their target price on shares of Real Matters from C$8.50 to C$8.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.56.

Real Matters Stock Performance

The stock has a market cap of C$275.76 million, a price-to-earnings ratio of 53.69, a PEG ratio of -59.18 and a beta of 0.86. The stock's fifty day moving average is C$5.56 and its 200-day moving average is C$5.84. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27.

Real Matters Company Profile

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S.