Comstock Holding Companies (NASDAQ:CHCI) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.31 and traded as low as $13.19. Comstock Holding Companies shares last traded at $13.49, with a volume of 39,395 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHCI shares. Wall Street Zen lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Comstock Holding Companies presently has a consensus rating of “Hold”.

Comstock Holding Companies Trading Up 0.4%

The firm has a market capitalization of $136.09 million, a P/E ratio of 10.14 and a beta of -0.01. The firm has a 50 day moving average price of $14.28 and a 200-day moving average price of $13.31.

Comstock Holding Companies (NASDAQ:CHCI) last released its earnings results on Thursday, November 13th. The construction company reported $0.05 earnings per share for the quarter. The firm had revenue of $13.65 million for the quarter. Comstock Holding Companies had a return on equity of 25.53% and a net margin of 24.90%.

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Comstock Holding Companies by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 1,952 shares during the period. Truffle Hound Capital LLC bought a new stake in Comstock Holding Companies in the second quarter worth about $1,146,000. Corsair Capital Management L.P. boosted its position in shares of Comstock Holding Companies by 6.4% during the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock valued at $516,000 after buying an additional 3,085 shares during the period. Navellier & Associates Inc. bought a new position in shares of Comstock Holding Companies during the third quarter valued at approximately $393,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Comstock Holding Companies by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock valued at $543,000 after buying an additional 2,704 shares during the last quarter. Institutional investors own 6.45% of the company’s stock.

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.