Blue Ridge Real Estate (OTCMKTS:BRRE) Trading Up 4.3% – Still a Buy?

Blue Ridge Real Estate Co. (OTCMKTS:BRREGet Free Report) rose 4.3% on Friday . The stock traded as high as $8.76 and last traded at $8.76. Approximately 1,498 shares changed hands during mid-day trading, an increase of 1,274% from the average daily volume of 109 shares. The stock had previously closed at $8.40.

Blue Ridge Real Estate Price Performance

The firm’s fifty day moving average price is $8.50 and its 200-day moving average price is $8.58. The company has a market cap of $21.11 million, a price-to-earnings ratio of -28.26 and a beta of 0.29.

Blue Ridge Real Estate Company Profile

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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.

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