AMREP Corporation(NYSE:AXR) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.02.
AMREP Corporation (AXR) shares turned negative on Fridays trading session with the shares closing down -0.21 points or -3.42% at a volume of 22,865. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.225. The peak price level was also seen at $6.225 while the days lowest was $5.93. Finally the shares closed at $5.93. The 52-week high of the shares is $8.14 while the 52-week low is $4.04. According to the latest information available, the market cap of the company is $48 M.
AMREP Corporation is a holding company. The Company through its subsidiaries is primarily engaged in two business segments: Real Estate operations and Fulfillment Services. The Company’s Real Estate operations primarily include land sales activities which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders commercial users and others as well as investments in commercial and investment properties. The Real Estate operations segment is operated by AMREP Southwest Inc. (AMREP Southwest) and its subsidiaries. The Company’s Fulfillment Services performs subscription fulfillment and related services for publishers and other customers. The Fulfillment Services segment is operated by Palm Coast Data LLC (Palm Coast) and its subsidiary FulCircle Media LLC (FulCircle).