Blue Ridge Real Estate (OTCMKTS:BRRE) Posts Earnings Results

Blue Ridge Real Estate (OTCMKTS:BRRE) released its quarterly earnings results on Tuesday. The company reported ($0.28) earnings per share for the quarter, Zacks reports. Blue Ridge Real Estate had a negative return on equity of 3.62% and a negative net margin of 10.98%.The firm had revenue of $0.89 million for the quarter.

Blue Ridge Real Estate Stock Performance

OTCMKTS:BRRE opened at $8.76 on Wednesday. Blue Ridge Real Estate has a 52 week low of $7.00 and a 52 week high of $15.35. The firm has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $8.62. The firm has a market cap of $21.11 million, a price-to-earnings ratio of -28.26 and a beta of 0.23.

About Blue Ridge Real Estate

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.