Comstock Holding Companies (NASDAQ:CHCI) Announces Quarterly Earnings Results

Comstock Holding Companies (NASDAQ:CHCI) announced its quarterly earnings data on Friday. The construction company reported $0.99 earnings per share (EPS) for the quarter, Zacks reports. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%.

Comstock Holding Companies Stock Up 22.1 %

Shares of CHCI traded up $1.50 during midday trading on Friday, reaching $8.28. 35,398 shares of the stock were exchanged, compared to its average volume of 21,859. Comstock Holding Companies has a 12-month low of $4.61 and a 12-month high of $14.48. The firm has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $8.70. The company has a market cap of $81.83 million, a price-to-earnings ratio of 13.93 and a beta of 0.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Comstock Holding Companies in a research note on Friday, March 14th. They issued a “hold” rating for the company.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.