Altex Industries (OTCMKTS:ALTX) Posts Quarterly Earnings Results

Altex Industries (OTCMKTS:ALTX) released its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Altex Industries had a negative net margin of 866.67% and a negative return on equity of 16.81%.

Altex Industries Stock Performance

OTCMKTS:ALTX traded down $0.02 during trading hours on Friday, hitting $0.25. 3,000 shares of the company’s stock traded hands, compared to its average volume of 4,699. Altex Industries has a twelve month low of $0.24 and a twelve month high of $0.48. The firm has a market cap of $2.80 million, a P/E ratio of -25.00 and a beta of 0.16. The stock’s fifty day moving average price is $0.30 and its two-hundred day moving average price is $0.32.

Altex Industries Company Profile

Altex Industries, Inc, through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado.