Amrep Corp (AXR, Financial), a player in the real estate sector, witnessed a significant stock movement with a 5.23% rise in share price. The stock reached $29.99 per share with a trading volume of 14,994 shares and a turnover rate of 0.28%. The amplitude of this price change was 6.07%.
According to recent financial reports, Amrep Corp achieved a revenue of $19.09 million and a net profit of $4.06 million. The earnings per share stand at $0.77, and the current price-to-earnings ratio is 16.78. As of now, there are no institutional ratings or recommendations for buying, holding, or selling AXR stock.
Within the real estate sector, to which Amrep belongs, there was an overall slight decline of 0.07%. In comparison, some stocks like Murano Global Investments Limited C/Wts 19/03/2029 (To Pur Com) and Comstock Holding saw notable increases. Meanwhile, stocks such as Fangdd Network Group, Xinyuan Real Estate, and Ucommune were particularly active, with turnover rates of 121.83%, 7.96%, and 5.53% respectively. Stocks like Xinyuan Real Estate, Murano Global Investments Plc, and Alset Inc. had significant price amplitude, showing 18.67%, 13.46%, and 13.20% respectively.
Amrep Corp operates primarily in real estate through subsidiaries focused on land sales and leasing. The company engages in activities related to the sale of developed and undeveloped land to residential builders, commercial users, and investors, with most revenue coming from land development within the United States.
