AMREP (NYSE:AXR - Get Free Report) released its earnings results on Friday. The business services provider reported $0.75 earnings per share for the quarter, Zacks reports. AMREP had a net margin of 15.64% and a return on equity of 8.05%.
AMREP Price Performance
AXR stock traded up $0.72 during midday trading on Friday, reaching $36.42. 42,154 shares of the company were exchanged, compared to its average volume of 15,087. The firm has a market capitalization of $192.66 million, a price-to-earnings ratio of 20.69 and a beta of 0.92. The business has a 50-day moving average price of $32.60 and a two-hundred day moving average price of $25.90. AMREP has a one year low of $15.88 and a one year high of $39.67.
Insider Buying and Selling
In other news, major shareholder James H. Dahl bought 3,000 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of $30.75 per share, with a total value of $92,250.00. Following the completion of the transaction, the insider now owns 430,774 shares of the company's stock, valued at $13,246,300.50. This trade represents a 0.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders purchased 6,800 shares of company stock valued at $205,560. Company insiders own 37.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of AMREP from a "buy" rating to a "hold" rating in a report on Thursday.
View Our Latest Analysis on AMREP
About AMREP
(
Get Free Report)
AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
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