Blue Ridge Real Estate (OTCMKTS:BRRE) Shares Up 2.7% – Here’s What Happened

Blue Ridge Real Estate Co. (OTCMKTS:BRRE)’s share price traded up 2.7% during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $9.50. Approximately 380 shares were traded during mid-day trading, an increase of 2,433% from the average daily volume of 15 shares. The stock had previously closed at $9.25.

Blue Ridge Real Estate Stock Up 2.7%

The business’s 50-day moving average price is $9.53 and its 200 day moving average price is $9.04. The company has a market capitalization of $22.88 million, a P/E ratio of -13.01 and a beta of 0.23.

Blue Ridge Real Estate (OTCMKTS:BRRE) last posted its earnings results on Monday, June 15th. The company reported ($0.52) earnings per share for the quarter. Blue Ridge Real Estate had a negative return on equity of 8.77% and a negative net margin of 26.73%.The firm had revenue of $0.90 million for the quarter.

About Blue Ridge Real Estate

Blue Ridge Real Estate Company owns investment properties in Eastern Pennsylvania. It operates in three segments: Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The Resort Operations segment operates amenities surrounding Big Boulder Lake, including Boulder View Tavern and Boulder Lake Club; the Jack Frost National Golf Course; and the Stretch fishing club. The Real Estate Management/Rental Operations segment owns investment properties that are leased to others located in Eastern Pennsylvania.