Gyrodyne (NASDAQ:GYRO) Share Price Crosses Below 200 Day Moving Average of $8.93

Gyrodyne, LLC (NASDAQ:GYRO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.93 and traded as low as $7.93. Gyrodyne shares last traded at $7.95, with a volume of 1,817 shares.

Gyrodyne Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $8.09 and a 200-day moving average price of $8.93.

Insider Transactions at Gyrodyne

In related news, Director Paul L. Lamb sold 4,368 shares of Gyrodyne stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.99, for a total transaction of $34,900.32. Following the completion of the transaction, the director now directly owns 111,328 shares in the company, valued at $889,510.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.00% of the company’s stock.

About Gyrodyne

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. Gyrodyne owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of plans to seek value-enhancing entitlements.