Comstock Holding Companies (NASDAQ:CHCI) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.44 and traded as low as $8.22. Comstock Holding Companies shares last traded at $8.30, with a volume of 13,515 shares traded.

Analysts Set New Price Targets

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

Comstock Holding Companies Price Performance

The business has a 50-day moving average of $8.38 and a 200 day moving average of $8.45. The company has a market capitalization of $81.79 million, a PE ratio of 14.02 and a beta of 0.66.

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

Hedge Funds Weigh In On Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC increased its position in Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure 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 approximately 1.73% of Comstock Holding Companies worth $1,700,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.