Comstock Holding Companies (NASDAQ:CHCI) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Comstock Holding Companies, Inc. (NASDAQ:CHCI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.51 and traded as low as $8.12. Comstock Holding Companies shares last traded at $8.48, with a volume of 2,450 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Comstock Holding Companies Stock Performance

The company has a 50-day moving average price of $8.31 and a 200-day moving average price of $8.51. The firm has a market capitalization of $83.87 million, a P/E ratio of 14.37 and a beta of 0.66.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Thursday, November 7th. The construction company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $13.00 million for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC lifted its position in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,117 shares of the construction company’s stock after purchasing an additional 4,371 shares during the quarter. Geode Capital Management LLC owned 1.73% of Comstock Holding Companies worth $1,700,000 at the end of the most recent reporting period. 6.45% of the stock is owned by institutional investors and hedge funds.

Comstock Holding Companies Company Profile

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.