Blue Ridge Real Estate (OTCMKTS:BRRE) Trading 5% Higher – Should You Buy?

Blue Ridge Real Estate Co. (OTCMKTS:BRRE – Get Free Report)’s share price shot up 5% during trading on Thursday . The company traded as high as $10.50 and last traded at $10.50. Approximately 1,701 shares changed hands during trading, an increase of 1,536% from the average daily volume of 104 shares. The stock had previously closed at $10.00.

Blue Ridge Real Estate Stock Performance

The firm has a market cap of $25.30 million, a P/E ratio of -14.38 and a beta of 0.21. The firm’s fifty day moving average price is $9.52 and its 200 day moving average price is $9.20.

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Blue Ridge Real Estate (OTCMKTS:BRRE – Get Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported ($0.52) EPS for the quarter. Blue Ridge Real Estate had a negative net margin of 26.73% and a negative return on equity of 8.77%. The company had revenue of $0.90 million for the quarter.

Hedge Funds Weigh In On Blue Ridge Real Estate

An institutional investor recently bought a new stake in Blue Ridge Real Estate stock. Dearborn Partners LLC acquired a new stake in Blue Ridge Real Estate Co. (OTCMKTS:BRRE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,153 shares of the company’s stock, valued at approximately $132,000. Dearborn Partners LLC owned about 0.42% of Blue Ridge Real Estate at the end of the most recent reporting period.

About Blue Ridge Real Estate

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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.

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