Comstock Holding Companies (NASDAQ:CHCI) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Comstock Holding Companies, Inc. (NASDAQ:CHCI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.80 and traded as low as $11.20. Comstock Holding Companies shares last traded at $12.06, with a volume of 33,780 shares changing hands.

Analyst Ratings Changes

CHCI has been the subject of several research reports. Wall Street Zen cut shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings downgraded shares of Comstock Holding Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Comstock Holding Companies Stock Up 7.5%

The stock has a market capitalization of $121.69 million, a price-to-earnings ratio of 9.07 and a beta of 0.01. The company’s 50-day moving average is $12.45 and its 200-day moving average is $13.80.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in 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 during the last quarter. Susquehanna International Group LLP purchased a new stake in Comstock Holding Companies during the 3rd quarter worth about $244,000. Citadel Advisors LLC acquired a new position in Comstock Holding Companies in the 3rd quarter valued at $248,000. Navellier & Associates Inc. purchased a new position in shares of Comstock Holding Companies during the 3rd quarter worth about $393,000. Finally, Corsair Capital Management L.P. increased its stake in Comstock Holding Companies by 6.4% during the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock worth $516,000 after acquiring an additional 3,085 shares during the last quarter. Hedge funds and other institutional investors own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

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.