Shares of AMREP Co. (NYSE:AXR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.45 and last traded at $5.64, with a volume of 2895 shares. The stock had previously closed at $5.60.
The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $45.12 million, a PE ratio of 26.67 and a beta of 1.08.
In other news, major shareholder Bauer Media Group Usa, Llc sold 15,000 shares of AMREP stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $6.24, for a total value of $93,600.00. Following the completion of the transaction, the insider now owns 823,500 shares in the company, valued at approximately $5,138,640. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Robotti sold 21,821 shares of AMREP stock in a transaction that occurred on Monday, December 31st. The stock was sold at an average price of $6.06, for a total value of $132,235.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,292 shares of company stock valued at $393,409. Company insiders own 25.40% of the company’s stock.
AMREP Company Profile (NYSE:AXR)
AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company's Real Estate Operations segment is involved in the sale of developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others, as well as investment in commercial and investment properties.
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