Real Matters (TSE:REAL) Sets New 12-Month Low – Should You Sell?

Shares of Real Matters Inc. (TSE:REAL) hit a new 52-week low during trading on Wednesday . The company traded as low as C$4.75 and last traded at C$4.75, with a volume of 17010 shares trading hands. The stock had previously closed at C$4.83.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD lowered their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research note 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 for the company in a research note on Friday, July 31st. ATB Cormark Capital Markets downgraded 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. BMO Capital Markets dropped their price objective on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Finally, National Bank Financial cut their price objective on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$7.43.

Real Matters Price Performance

The company’s 50-day moving average price is C$5.05 and its two-hundred day moving average price is C$5.53. 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 has a market capitalization of C$352.88 million, a P/E ratio of -17.59, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58.

Real Matters (TSE:REAL) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$73.12 million for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. As a group, sell-side analysts expect that Real Matters Inc. will post 0.1956803 EPS 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.