StockNews.com Initiates Coverage on Comstock Holding Companies (NASDAQ:CHCI)

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

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $8.09 on Monday. The business’s 50 day simple moving average is $6.80 and its 200 day simple moving average is $6.34. Comstock Holding Companies has a 1 year low of $3.90 and a 1 year high of $8.56. The company has a market capitalization of $79.48 million, a P/E ratio of 10.37 and a beta of 0.74.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $0.09 EPS for the quarter. Comstock Holding Companies had a return on equity of 22.51% and a net margin of 17.94%. The company had revenue of $10.75 million for the quarter.

About Comstock Holding Companies

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.