Stock News Roundup : Comstock Holding Companies Inc (NASDAQ:CHCI)

Comstock Holding Companies Inc (NASDAQ:CHCI) remained among the day gainers and traded with change of 0.77% on volume of 3111 shares in the last session as compared to average volume of 15247 shares. During last trade its minimum price was $2.56 and it gained highest price of $2.62. CHCI has total market capitalization of $10176320. Its closing value stands at $2.62.

Comstock Holding Companies, (NASDAQ:CHCI) held its annual meeting on June 19, 2019.  As part of its presentation, the Company discussed its strategic approach to creating value and updated the Company’s investor relations presentation. 

  Comstock Holding Companies (CHCI) stock observed trading -30.69% off 52-week high price. On the other end, the stock has been noted 61.73% away from low price over the last 52-weeks. The stock disclosed a move of 2.42% away from 50 day moving average and 14.42% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.98% off 20-day moving average. It has market cap of $10.4M.

About Comstock Holding Companies

Comstock Holding Companies (“CHCI”) is a multi-faceted real estate development, asset management and real estate related services company that, since 1985, has designed, developed, constructed and managed several thousand residential units and millions of square feet of residential and mixed-use projects throughout the Washington, D.C. metropolitan market and in other key markets in the southeastern United States. In early 2018, CHCI announced it would wind-down its subsidiary for-sale homebuilding operation, and focus exclusively on commercial real estate investment, development, asset management and real estate related services. In early 2019, CHCI announced it had recapitalized its balance sheet and completed the transition of its operating platform. Anchoring the transition of CHCI is a long-term asset management agreement covering two of the largest transit-oriented, mixed-use developments in the Washington, D.C. area; Reston Station, a nearly 5 million square foot transit-oriented, mixed-use development in Reston, VA, and Loudoun Station, a nearly 2.5 million square foot transit-oriented, mixed-use development in Ashburn, VA, and additional development assets. Comstock’s substantial experience in entitling, designing, developing, and managing a diverse range of properties including apartments, condominiums, mixed-use (residential and commercial) properties, large-scale commercial parking garages and infrastructure projects, has positioned Comstock as a premier developer and real estate asset manager. CHCI also provides development supply chain services, including capital markets, real estate brokerage, environmental consulting, design and remediation services.

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