Blue Ridge Real Estate (OTCMKTS:BRRE) Stock Price Down 2.5% – Time to Sell?

Blue Ridge Real Estate Co. (OTCMKTS:BRRE) dropped 2.5% on Monday. The stock traded as low as $9.75 and last traded at $9.75. Approximately 501 shares changed hands during mid-day trading, an increase of 1,303% from the average session volume of 36 shares. The stock had previously closed at $10.00.

Blue Ridge Real Estate Trading Down 2.5%

The firm has a market capitalization of $23.50 million, a price-to-earnings ratio of -13.18 and a beta of 0.20. The stock’s 50-day moving average is $10.11 and its 200-day moving average is $9.63.

Blue Ridge Real Estate (OTCMKTS:BRRE) last issued its quarterly earnings results on Monday, September 14th. The company reported $0.06 EPS for the quarter. Blue Ridge Real Estate had a negative net margin of 25.75% and a negative return on equity of 8.87%. The company had revenue of $2.80 million for the quarter.

Blue Ridge Real Estate Company Profile

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.