AmBase (OTCMKTS:ABCP) announced its earnings results on Monday. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, Bloomberg Earnings reports.
Shares of ABCP stock remained flat at $$0.32 during trading hours on Tuesday. 500 shares of the stock were exchanged, compared to its average volume of 596. AmBase has a 12 month low of $0.25 and a 12 month high of $0.59. The company has a fifty day simple moving average of $0.33.
In other news, major shareholder Iszo Capital Management Lp sold 267,100 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $0.37, for a total transaction of $98,827.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 41.40% of the stock is currently owned by corporate insiders.
AmBase Corporation does not have significant operations. Previously, it invested in a real estate development property in New York, New York; and owned, operated, and managed a commercial office building. AmBase Corporation was incorporated in 1975 and is headquartered in Boca Raton, Florida.
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