Comstock Holding Companies (NASDAQ:CHCI) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Comstock Holding Companies, Inc. (NASDAQ:CHCI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.80 and traded as low as $11.20. Comstock Holding Companies shares last traded at $12.06, with a volume of 33,780 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings cut Comstock Holding Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Wall Street Zen downgraded Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Comstock Holding Companies has an average rating of “Hold”.

Comstock Holding Companies Price Performance

The company has a market capitalization of $119.85 million, a P/E ratio of 8.93 and a beta of 0.01. The business’s 50-day moving average price is $12.37 and its two-hundred day moving average price is $13.82.

Comstock Holding Companies (NASDAQ:CHCI) last posted its earnings results on Thursday, November 13th. The construction company reported $0.05 earnings per share (EPS) for the quarter. Comstock Holding Companies had a return on equity of 25.53% and a net margin of 24.90%.The firm had revenue of $13.65 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Comstock Holding Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock worth $1,625,000 after acquiring an additional 1,952 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after purchasing an additional 2,704 shares during the period. Corsair Capital Management L.P. increased its holdings in Comstock Holding Companies by 6.4% during the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock worth $516,000 after purchasing an additional 3,085 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Comstock Holding Companies by 2,573.9% in the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after purchasing an additional 11,814 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Comstock Holding Companies in the 3rd quarter valued at about $244,000. Institutional investors own 6.45% of the company’s stock.

About Comstock Holding Companies

Comstock Holding Companies, Inc (NASDAQ: CHCI) is a diversified holding company that, through its primary operating subsidiary, focuses on the design, construction and operation of fiber optic network systems in the United States. The company delivers high-capacity connectivity solutions to broadband service providers, including dark fiber leasing, wavelength services, transport and last-mile connectivity. By partnering with carriers, cable operators and municipal entities, Comstock leverages its network infrastructure to support residential, commercial and institutional customers requiring scalable, reliable bandwidth.

Following the divestiture of its homebuilding division in 2013, Comstock has concentrated its capital and resources on expanding its fiber network footprint into select regional markets.