SmallCapPower Article The Canadian stocks we’ve found are hitting new highs amidst the current stock market volatility
SmallCapPower | April 20, 2020: COVID-19 has clouded the outlook for most businesses, with smaller enterprises being especially vulnerable. That being said, today we have discovered three small Canadian stocks that seem to be defying the COVID-19 uncertainty, hitting new 52-week highs recently.
*Returns are based on closing stock prices as of April 16, 2020
Real Matters Inc. (TSX:REAL) – $16.19
Real Matters offers network management services for mortgage lenders and insurance companies. The Company’s platform integrates its proprietary technology and network management capabilities with its large, independent qualified field professional base to provide an efficient marketplace for mortgage lending and insurance industry services. The Company’s current client base includes about 60 of the top 100 mortgage lenders in the U.S. and a few of the largest insurance companies in North America. Real Matters also provides residential real estate appraisals for the mortgage market and is an independent provider of title and mortgage closing services in the United States. Revenue for REAL in 2019 rose 15% year over year to US$322.5 million. On April 15, 2020, Real Matters announced that over the past week, the Company’s appraisal and title volumes were stronger than during any week in 2019.
- Year-to-Date Return: 31%
Jamieson Wellness Inc. (TSX:JWEL) – $29.85
Jamieson Wellness has a portfolio of natural health brands. The Company also manufactures and markets sports nutrition products and specialty supplements under its Progressive, Precision and Iron Vegan brands. Since 1999, Jamieson has grown at a compound annual rate of 7.4% and has increased its dividend by 38% since 2017. Revenue during 2019 rose 7.9% to $345.0 million, while adjusted earnings per diluted share for the year increased 12.9% to $0.96, with another 6% to 15% increase expected during 2020.
- Year-to-Date Return: 16%
Quisitive Technology Solutions, Inc. (TSXV:QUIS) – $0.60
Quisitive Technology Solutions helps its clients harness the power of the Microsoft Cloud and technologies such as artificial intelligence, machine learning, IOT, and blockchain through customized solutions. Quisitive’s vision is to become the premier Microsoft Solutions provider, and is planning to scale organically and through acquisitions. Approximately 20% of Quisitive’s revenues are recurring and analysts are forecasting ~100% year-over-year revenue growth. Gartner Consulting estimates that cloud services will grow exponentially through to 2022. The global cloud-services market grew to $214.3B in revenues in 2019, a 17.5% increase from 2018. Gartner estimates that the fastest-growing market segment will be cloud system infrastructure services, or infrastructure as a service (IaaS), which is forecast to grow 27.5% in 2019 to reach $38.9B, up from $30.5B in 2018.
- Year-to-Date Return: 140%
