Comstock Holding Companies (NASDAQ:CHCI) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.59 and traded as low as $11.80. Comstock Holding Companies shares last traded at $11.81, with a volume of 32,624 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings raised Comstock Holding Companies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 15th. Wall Street Zen lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Comstock Holding Companies Stock Performance

The business has a 50-day simple moving average of $13.96 and a two-hundred day simple moving average of $13.62. The company has a market capitalization of $119.16 million, a price-to-earnings ratio of 8.88 and a beta of -0.01.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Thursday, November 13th. The construction company reported $0.05 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 25.53% and a net margin of 24.90%.The firm had revenue of $13.65 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Truffle Hound Capital LLC purchased a new position in Comstock Holding Companies during the 2nd quarter valued at about $1,146,000. Corsair Capital Management L.P. grew its position in shares of Comstock Holding Companies by 6.4% in the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock valued at $516,000 after purchasing an additional 3,085 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Comstock Holding Companies by 2,573.9% during the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after purchasing an additional 11,814 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Comstock Holding Companies in the 3rd quarter valued at approximately $248,000. Finally, Susquehanna International Group LLP acquired a new stake in Comstock Holding Companies during the 3rd quarter valued at $244,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

About Comstock Holding Companies

Comstock Holding Companies, Inc (NASDAQ: CHCI) is a diversified holding company that, through its primary operating subsidiary, focuses on the design, construction and operation of fiber optic network systems in the United States. The company delivers high-capacity connectivity solutions to broadband service providers, including dark fiber leasing, wavelength services, transport and last-mile connectivity. By partnering with carriers, cable operators and municipal entities, Comstock leverages its network infrastructure to support residential, commercial and institutional customers requiring scalable, reliable bandwidth.

Following the divestiture of its homebuilding division in 2013, Comstock has concentrated its capital and resources on expanding its fiber network footprint into select regional markets.