AMREP (NYSE:AXR) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• AMREP Corporation's stock price fell below its 200-day moving average, trading at $22.18, after reaching a low of $22.00, indicating potential sell signals for investors.
• The company reported a quarterly earnings of $0.73 EPS and had revenue of $11.18 million with a net margin of 25.59%.
• Institutional investors hold 59.85% of AMREP's stock, with significant recent purchases from firms like JPMorgan Chase and Barclays.

AMREP Corporation (NYSE:AXR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.02 and traded as low as $22.00. AMREP shares last traded at $22.18, with a volume of 3,970 shares.

AMREP Price Performance

The firm's 50 day moving average is $22.15 and its 200 day moving average is $23.02. The firm has a market cap of $117.75 million, a P/E ratio of 9.36 and a beta of 1.11.

AMREP (NYSE:AXR - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The business services provider reported $0.73 EPS for the quarter. AMREP had a net margin of 25.59% and a return on equity of 10.11%. The business had revenue of $11.18 million for the quarter.

Institutional Investors Weigh In On AMREP

Several hedge funds have recently bought and sold shares of AXR. Acadian Asset Management LLC bought a new stake in AMREP during the first quarter worth about $46,000. Barclays PLC bought a new position in shares of AMREP in the fourth quarter worth approximately $76,000. Lazard Asset Management LLC bought a new position in shares of AMREP in the fourth quarter worth approximately $137,000. Jane Street Group LLC lifted its stake in shares of AMREP by 42.1% in the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after buying an additional 3,077 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of AMREP by 293.9% in the fourth quarter. JPMorgan Chase & Co. now owns 7,390 shares of the business services provider's stock worth $232,000 after buying an additional 5,514 shares in the last quarter. Institutional investors own 59.85% of the company's stock.

About AMREP

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.

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