Comstock Holding Companies (NASDAQ:CHCI) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research note published on Wednesday morning. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Price Performance

Shares of NASDAQ CHCI opened at $6.32 on Wednesday. Comstock Holding Companies has a 1 year low of $3.85 and a 1 year high of $8.56. The company’s 50-day moving average is $6.32 and its 200 day moving average is $5.87. The stock has a market capitalization of $62.06 million, a P/E ratio of 8.10 and a beta of 0.74.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings results on Tuesday, May 14th. The construction company reported $0.09 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 17.61% and a return on equity of 22.60%. The company had revenue of $10.64 million for the quarter.

Insider Activity at Comstock Holding Companies

In other news, COO Timothy Steffan sold 5,911 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $7.89, for a total value of $46,637.79. Following the transaction, the chief operating officer now owns 95,221 shares in the company, valued at $751,293.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. 39.95% of the stock is owned by corporate insiders.

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.