Real Matters (TSE:REAL) Stock Price Up 1.9% - Here's What Happened

Real Matters Inc. (TSE:REAL - Get Free Report)'s share price traded up 1.9% on Monday . The company traded as high as C$5.93 and last traded at C$5.89. 44,537 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 68,623 shares. The stock had previously closed at C$5.78.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of Real Matters from C$10.00 to C$8.50 in a research note on Friday, November 22nd. Raymond James reduced their price objective on shares of Real Matters from C$10.50 to C$9.00 in a research note on Friday, November 22nd. BMO Capital Markets reduced their price objective on shares of Real Matters from C$7.50 to C$7.00 in a research note on Friday, November 22nd. Finally, Cormark reduced their price objective on shares of Real Matters from C$8.75 to C$7.50 in a research note on Thursday, January 30th. Two 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.64.

Real Matters Price Performance

The business's 50-day moving average price is C$6.34 and its 200 day moving average price is C$7.17. The stock has a market capitalization of C$295.83 million, a PE ratio of 57.59, 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 quick ratio of 3.75 and a current ratio of 4.68.

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Insider Activity

In related news, Senior Officer Ryan Jacob Smith sold 10,752 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$5.76, for a total value of C$61,931.52. Also, Director Kay Brekken bought 7,870 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was bought 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.