Comstock Holding Companies (NASDAQ:CHCI) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.80 and traded as low as $11.20. Comstock Holding Companies shares last traded at $12.06, with a volume of 33,780 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHCI. Wall Street Zen lowered shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings cut shares of Comstock Holding Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Comstock Holding Companies has a consensus rating of “Hold”.

Comstock Holding Companies Stock Up 7.5%

The stock has a market cap of $121.69 million, a P/E ratio of 9.07 and a beta of 0.01. The business has a 50-day simple moving average of $12.45 and a 200-day simple moving average of $13.80.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in Comstock Holding Companies by 1.2% in 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 last quarter. Truffle Hound Capital LLC bought a new position in shares of Comstock Holding Companies during the second quarter worth about $1,146,000. Corsair Capital Management L.P. increased its stake in Comstock Holding Companies by 6.4% in the 2nd 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 last quarter. Navellier & Associates Inc. bought a new stake in shares of Comstock Holding Companies during the 3rd quarter worth approximately $393,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock valued at $543,000 after purchasing an additional 2,704 shares during the period. Institutional investors own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc (NASDAQ: CHCI) is a diversified holding company that, through its primary operating subsidiary, focuses on the design, construction and operation of fiber optic network systems in the United States. The company delivers high-capacity connectivity solutions to broadband service providers, including dark fiber leasing, wavelength services, transport and last-mile connectivity. By partnering with carriers, cable operators and municipal entities, Comstock leverages its network infrastructure to support residential, commercial and institutional customers requiring scalable, reliable bandwidth.

Following the divestiture of its homebuilding division in 2013, Comstock has concentrated its capital and resources on expanding its fiber network footprint into select regional markets.