Real Matters (TSE:REAL) Trading Down 2.1% – Should You Sell?

Real Matters Inc. (TSE:REAL) was down 2.1% during mid-day trading on Friday . The company traded as low as C$5.92 and last traded at C$5.92. Approximately 290,096 shares were traded during trading, an increase of 330% from the average daily volume of 67,542 shares. The stock had previously closed at C$6.05.

Analysts Set New Price Targets

Separately, Cormark cut their target price on shares of Real Matters from C$8.75 to C$7.50 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Real Matters currently has an average rating of “Moderate Buy” and a consensus price target of C$8.64.

Real Matters Stock Performance

The stock has a market cap of C$304.57 million, a P/E ratio of 59.30, a price-to-earnings-growth ratio of -59.18 and a beta of 0.86. 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 stock’s 50 day simple moving average is C$6.09 and its two-hundred day simple moving average is C$7.01.

Insider Buying and Selling

In other news, Senior Officer Ryan Jacob Smith sold 10,752 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$5.76, for a total value of C$61,931.52. Also, Director Kay Brekken acquired 7,870 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of C$6.10 per share, with a total value of C$48,004.64. Company insiders own 5.17% of the company’s stock.

About Real Matters

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.