Shares of AMREP Co. (NYSE:AXR – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.63 and traded as high as $13.00. AMREP shares last traded at $12.08, with a volume of 12,589 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, TheStreet downgraded shares of AMREP from a "b" rating to a "c+" rating in a report on Friday, July 15th.
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The business's fifty day moving average is $13.31 and its 200-day moving average is $12.63. The firm has a market cap of $63.48 million, a PE ratio of 5.49 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 earnings per share (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.About AMREP
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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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