Gyrodyne (NASDAQ:GYRO) Stock Price Crosses Below 200 Day Moving Average of $12.08

Gyrodyne, LLC (NASDAQ:GYROGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.08 and traded as low as $9.66. Gyrodyne shares last traded at $9.66, with a volume of 1,611 shares.

Gyrodyne Price Performance

The business has a 50-day moving average of $11.30 and a 200 day moving average of $12.08. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Gabelli Funds LLC lifted its stake in shares of Gyrodyne, LLC (NASDAQ:GYROGet Rating) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,104 shares of the real estate investment trust’s stock after acquiring an additional 1,547 shares during the quarter. Gabelli Funds LLC’s holdings in Gyrodyne were worth $2,019,000 at the end of the most recent reporting period.

About Gyrodyne

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Gyrodyne, LLC. owns, leases and manages diverse commercial properties. The firm is distinguished by its service-oriented philosophy toward property ownership and management. Gyrodyne has grown from a largely Long Island player during the past into a diversified East Coast presence with an emphasis on medical office product.

Further Reading

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