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

StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research note released on Friday morning. The brokerage issued a buy rating on the construction company’s stock.

Comstock Holding Companies Price Performance

CHCI stock opened at $11.39 on Friday. The firm has a market cap of $111.91 million, a price-to-earnings ratio of 14.60 and a beta of 0.76. Comstock Holding Companies has a 1-year low of $3.90 and a 1-year high of $14.48. The firm has a fifty day moving average price of $8.22 and a two-hundred day moving average price of $7.10.

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