Amrep Corp (AXR, Financial), a key player in the real estate sector, experienced a significant stock movement with a 6.20% increase in share price. The stock is currently trading at $29.63 per share, with a trading volume of 14,903 shares and a turnover rate of 0.28%. The stock's price range exhibited a fluctuation of 4.01%.
Recent financial reports reveal that Amrep Corp achieved a revenue of $19.09 million and a net profit of $4.06 million, translating to an earnings per share (EPS) of $0.77. The company's price-to-earnings (P/E) ratio stands at 16.31. However, there are currently no institutional ratings regarding a "buy," "hold," or "sell" recommendation for this stock.
In comparison, the broader real estate sector showed a modest increase of 0.07%. Within this sector, other significant movers included Seaport Entertainment Group Inc., Fangdd Network Group Ltd, and KE Holdings Inc. Notably, stocks such as Fangdd Network Group Ltd, Safe And Green Development Corporation, and Ucommune had high turnover rates of 43.53%, 21.48%, and 10.79%, respectively. Stocks with substantial price swings included Ming Da Jia He, Fangdd Network Group Ltd, and Safe And Green Development Corporation, with fluctuations of 17.39%, 17.13%, and 13.16% respectively.
Amrep Corp operates in the real estate industry through its subsidiaries, focusing on land sales and leasing activities. It provides both developed and undeveloped land to residential builders, commercial users, and investors. The company's main revenue source is its land development segment, and all its operations are conducted across the United States.
