Altex Industries (OTCMKTS:ALTX) Announces Quarterly Earnings Results

Altex Industries (OTCMKTS:ALTX) posted its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Altex Industries had a negative return on equity of 6.59% and a net margin of 1,900.00%.

Altex Industries Stock Down 5.1 %

ALTX stock traded down $0.01 during midday trading on Friday, hitting $0.27. The company’s stock had a trading volume of 2,134 shares, compared to its average volume of 3,213. The stock’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.25. Altex Industries has a 1 year low of $0.19 and a 1 year high of $0.30. The stock has a market cap of $3.03 million, a price-to-earnings ratio of 6.75 and a beta of 0.10.

Altex Industries Company Profile

Altex Industries, Inc, through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado.