AMREP (NYSE:AXR) Shares Pass Below 200-Day Moving Average of $5.89

AMREP Co. (NYSE:AXR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.89 and traded as low as $5.72. AMREP shares last traded at $5.80, with a volume of 10,445 shares traded.

The company has a market capitalization of $47.19 million, a PE ratio of 32.22 and a beta of 1.23. The stock’s 50-day moving average is $5.84 and its two-hundred day moving average is $5.87.

AMREP (NYSE:AXR) last posted its quarterly earnings data on Tuesday, December 10th. The business services provider reported $0.02 earnings per share for the quarter. The firm had revenue of $3.96 million during the quarter.

In related news, Director Robert Robotti sold 52,390 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $6.00, for a total value of $314,340.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 24.40% of the company’s stock.

A hedge fund recently raised its stake in AMREP stock. Renaissance Technologies LLC lifted its stake in AMREP Co. (NYSE:AXR) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 126,580 shares of the business services provider’s stock after acquiring an additional 11,600 shares during the quarter. Renaissance Technologies LLC owned 1.56% of AMREP worth $868,000 at the end of the most recent reporting period. Institutional investors own 19.29% of the company’s stock.

AMREP Company Profile (NYSE:AXR)

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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