AMREP (NYSE:AXR) posted its quarterly earnings results on Tuesday. The business services provider reported $0.02 earnings per share for the quarter, reports. The business had revenue of $3.96 million during the quarter.
Shares of NYSE:AXR traded down $0.06 during midday trading on Friday, hitting $6.14. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 7,721. The business’s 50 day simple moving average is $5.89 and its 200 day simple moving average is $5.82. The company has a market cap of $48.25 million, a P/E ratio of 32.94 and a beta of 1.24. AMREP has a 12-month low of $5.00 and a 12-month high of $7.08.
Several large investors have recently bought and sold shares of AXR. Oppenheimer & Close LLC increased its position in AMREP by 51.1% during the second quarter. Oppenheimer & Close LLC now owns 74,073 shares of the business services provider’s stock worth $508,000 after purchasing an additional 25,041 shares during the last quarter. First Foundation Advisors acquired a new stake in AMREP during the second quarter worth about $463,000. Finally, Renaissance Technologies LLC increased its position in AMREP by 10.1% during the second quarter. Renaissance Technologies LLC now owns 126,580 shares of the business services provider’s stock worth $868,000 after purchasing an additional 11,600 shares during the last quarter. 19.29% of the stock is currently owned by hedge funds and other institutional investors.
AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company's Real Estate Operations segment is involved in the sale of developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others, as well as investment in commercial and investment properties.
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