Blue Ridge Real Estate (OTCMKTS:BRRE) Trading Up 0.7% – Here’s What Happened

Blue Ridge Real Estate Co. (OTCMKTS:BRRE) shares were up 0.7% during mid-day trading on Thursday . The stock traded as high as $9.51 and last traded at $9.51. Approximately 100 shares changed hands during trading, an increase of 99,900% from the average daily volume of 0 shares. The stock had previously closed at $9.44.

Blue Ridge Real Estate Price Performance

The stock has a market capitalization of $22.92 million, a PE ratio of -27.97 and a beta of 0.22. The company has a 50 day moving average price of $9.40 and a 200-day moving average price of $8.89.

Blue Ridge Real Estate (OTCMKTS:BRRE) last posted its 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 business 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.