AMREP (NYSE:AXR) Stock Passes Below 200 Day Moving Average - Should You Sell?

AMREP Corporation (NYSE:AXR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.92 and traded as low as $21.31. AMREP shares last traded at $21.84, with a volume of 8,902 shares.

AMREP Stock Up 0.8%

The business has a fifty day moving average of $21.94 and a 200 day moving average of $25.67. The firm has a market cap of $114.11 million, a P/E ratio of 8.98 and a beta of 1.09.

Institutional Trading of AMREP

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in AMREP during the first quarter worth about $46,000. Barclays PLC acquired a new stake in shares of AMREP during the fourth quarter worth about $76,000. Lazard Asset Management LLC acquired a new stake in shares of AMREP during the fourth quarter worth about $137,000. Jane Street Group LLC acquired a new position in shares of AMREP in the 4th quarter valued at approximately $230,000. Finally, JPMorgan Chase & Co. grew its position in shares of AMREP by 293.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,390 shares of the business services provider's stock valued at $232,000 after purchasing an additional 5,514 shares during the period. 59.85% of the stock is owned by institutional investors.

AMREP Company Profile

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.