StockNews.com assumed coverage on shares of AMREP (NYSE:AXR – Get Rating) in a research report report published on Monday morning. The brokerage issued a buy rating on the business services provider’s stock.
AMREP Stock Down 2.4 %
AMREP stock opened at $12.39 on Monday. AMREP has a 52 week low of $9.88 and a 52 week high of $16.72. The company has a market capitalization of $65.11 million, a price-to-earnings ratio of 4.82 and a beta of 0.94. The stock has a 50-day moving average price of $11.66 and a 200 day moving average price of $12.28.
AMREP (NYSE:AXR – Get Rating) last released its earnings results on Monday, December 12th. The business services provider reported $0.68 EPS for the quarter. AMREP had a return on equity of 18.63% and a net margin of 26.03%. The firm had revenue of $16.15 million during the quarter.
Institutional Inflows and Outflows
AMREP Corp. engages in the real estate businesses. It focuses on the entitlement, development and sale of land for residential, commercial, and industrial uses. The firm operates through the following segments: Land Development, Homebuilding, and Corporate. The company was founded in 1961 and is headquartered in Havertown, PA.
- Get a free copy of the StockNews.com research report on AMREP (AXR)
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