Real Matters (TSE:REAL) Trading 0.2% Higher - Here's Why

Real Matters Inc. (TSE:REAL - Get Free Report)'s stock price shot up 0.2% during mid-day trading on Monday . The stock traded as high as C$5.65 and last traded at C$5.61. 28,556 shares were traded during trading, a decline of 42% from the average session volume of 48,960 shares. The stock had previously closed at C$5.60.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on REAL. ATB Capital cut their price objective on 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 cut their price objective on Real Matters from C$8.50 to C$8.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$8.56.

Real Matters Price Performance

The business's 50 day moving average price is C$5.77 and its 200-day moving average price is C$5.99. The company has a debt-to-equity ratio of 2.27, a current ratio of 4.68 and a quick ratio of 3.75. The company has a market cap of C$288.62 million, a P/E ratio of 56.19, a PEG ratio of -59.18 and a beta of 0.86.

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.