Comstock Holding Companies (NASDAQ:CHCI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report published on Thursday morning. The brokerage issued a buy rating on the construction company’s stock.

Separately, TheStreet cut shares of Comstock Holding Companies from a b- rating to a c+ rating in a research note on Tuesday, March 12th.

Comstock Holding Companies Price Performance

Shares of CHCI traded down $0.41 during mid-day trading on Thursday, hitting $6.83. 21,429 shares of the company’s stock were exchanged, compared to its average volume of 51,913. The company has a market cap of $67.00 million, a PE ratio of 8.99 and a beta of 0.70. Comstock Holding Companies has a 52 week low of $3.47 and a 52 week high of $8.29. The company has a 50-day simple moving average of $5.58 and a 200 day simple moving average of $4.86.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Thursday, March 21st. The construction company reported $0.18 earnings per share for the quarter. The company had revenue of $11.02 million during the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%.

About Comstock Holding Companies

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.