Blue Ridge Real Estate (OTCMKTS:BRRE) Stock Price Up 8.5% – Here’s What Happened

Blue Ridge Real Estate Co. (OTCMKTS:BRRE)’s share price shot up 8.5% during trading on Monday . The stock traded as high as $9.44 and last traded at $9.44. 20,030 shares traded hands during trading, an increase of 25,913% from the average session volume of 77 shares. The stock had previously closed at $8.70.

Blue Ridge Real Estate Stock Performance

The stock has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $8.68. The firm has a market cap of $22.75 million, a PE ratio of -27.76 and a beta of 0.20.

Blue Ridge Real Estate (OTCMKTS:BRRE) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.28) earnings per share (EPS) for the quarter. Blue Ridge Real Estate had a negative net margin of 12.05% and a negative return on equity of 4.11%. The company had revenue of $0.89 million for the quarter.

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.