AMREP Co. (NYSE:AXR – Get Rating) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 29,300 shares, a drop of 7.6% from the July 15th total of 31,700 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is presently 4.4 days. Currently, 0.8% of the company's stock are short sold.
Analysts Set New Price Targets
Separately, TheStreet downgraded shares of AMREP from a "b" rating to a "c+" rating in a research note on Friday, July 15th.
Get AMREP alerts:AMREP Trading Down 0.9 %
NYSE:AXR opened at $14.86 on Thursday. AMREP has a 12 month low of $9.88 and a 12 month high of $18.80. The firm has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $12.51. The company has a market capitalization of $78.09 million, a P/E ratio of 6.75 and a beta of 0.92.
AMREP (NYSE:AXR – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The business services provider reported $1.41 EPS for the quarter. AMREP had a net margin of 25.39% and a return on equity of 17.47%. The business had revenue of $25.92 million during the quarter.AMREP Company Profile
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AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. The company sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. As of July 1, 2022, it owned approximately 17,000 acres in Sandoval County, New Mexico.
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