Gyrodyne (NASDAQ:GYRO) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Gyrodyne, LLC (NASDAQ:GYRO) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.07 and traded as low as $8.34. Gyrodyne shares last traded at $8.55, with a volume of 2,440 shares.

Gyrodyne Trading Down 0.0 %

The firm’s 50-day simple moving average is $8.97 and its two-hundred day simple moving average is $9.07. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

Institutional Trading of Gyrodyne

An institutional investor recently raised its position in Gyrodyne stock. Round Hill Asset Management grew its holdings in Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,715 shares of the real estate investment trust’s stock after purchasing an additional 2,924 shares during the quarter. Round Hill Asset Management owned approximately 0.90% of Gyrodyne worth $153,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Gyrodyne Company Profile

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.