Blue Ridge Real Estate (OTCMKTS:BRRE) Stock Price Up 2.7% – Time to Buy?

Shares of Blue Ridge Real Estate Co. (OTCMKTS:BRRE) were up 2.7% on Tuesday . The stock traded as high as $9.70 and last traded at $9.50. Approximately 380 shares were traded during trading, an increase of 2,433% from the average session volume of 15 shares. The stock had previously closed at $9.25.

Blue Ridge Real Estate Stock Performance

The stock has a 50 day moving average of $9.52 and a 200-day moving average of $9.05. The company has a market cap of $22.89 million, a PE ratio of -13.01 and a beta of 0.23.

Blue Ridge Real Estate (OTCMKTS:BRRE) last released its quarterly earnings data on Monday, June 15th. The company reported ($0.52) earnings per share for the quarter. The company had revenue of $0.90 million for the quarter. Blue Ridge Real Estate had a negative net margin of 26.73% and a negative return on equity of 8.77%.

About Blue Ridge Real Estate

Blue Ridge Real Estate Company owns investment properties in Eastern Pennsylvania. It operates in three segments: Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The Resort Operations segment operates amenities surrounding Big Boulder Lake, including Boulder View Tavern and Boulder Lake Club; the Jack Frost National Golf Course; and the Stretch fishing club. The Real Estate Management/Rental Operations segment owns investment properties that are leased to others located in Eastern Pennsylvania.