Real Matters (TSE:REAL) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Key Points

• Real Matters shares fell below their 50-day moving average, reaching C$4.92 before closing at C$4.97, compared with a 50-day average of C$5.08.
• Analysts have generally lowered their price targets, though the stock retains a “Moderate Buy” consensus from four Buy and three Hold ratings. The average target price is C$7.43.
• The company reported C$0.01 in quarterly EPS and C$73.12 million in revenue, but continued to post a negative net margin of 10.07% and negative return on equity of 21.48%.

Shares of Real Matters Inc. (TSE:REAL - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.08 and traded as low as C$4.92. Real Matters shares last traded at C$4.97, with a volume of 5,709 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on REAL shares. BMO Capital Markets dropped their target price 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 decreased their target price on shares of 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. ATB Cormark Capital Markets downgraded Real Matters from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$8.00 to C$6.00 in a research note on Friday, July 31st. National Bank Financial dropped their target price 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. 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$7.43.

Real Matters Price Performance

The stock has a market cap of C$369.22 million, a P/E ratio of -18.41, 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 company's 50 day simple moving average is C$5.08 and its 200 day simple moving average is C$5.58.

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 company had revenue of C$73.12 million for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. As a group, equities analysts forecast 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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