Trinity Place (NYSEAMERICAN:TPHS) Stock Passes Above 50-Day Moving Average of $0.00

Shares of Trinity Place Holdings Inc. (NYSEAMERICAN:TPHSGet Rating) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $0.85. Trinity Place shares last traded at $0.82, with a volume of 62,539 shares changing hands.

Trinity Place Price Performance

The company has a debt-to-equity ratio of 4.63, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $30.24 million, a PE ratio of -3.73 and a beta of 0.73.

Institutional Trading of Trinity Place

Several hedge funds have recently modified their holdings of TPHS. Charles Schwab Investment Management Inc. purchased a new position in shares of Trinity Place during the first quarter worth about $61,000. Oppenheimer & Close LLC lifted its position in Trinity Place by 5.1% in the first quarter. Oppenheimer & Close LLC now owns 613,014 shares of the company’s stock valued at $1,164,000 after purchasing an additional 29,530 shares during the period. Cibc World Market Inc. lifted its position in shares of Trinity Place by 16.5% during the 1st quarter. Cibc World Market Inc. now owns 133,355 shares of the company’s stock valued at $253,000 after acquiring an additional 18,848 shares during the period. Finally, State Street Corp lifted its position in shares of Trinity Place by 46.4% during the 1st quarter. State Street Corp now owns 44,076 shares of the company’s stock valued at $84,000 after acquiring an additional 13,976 shares during the period.

About Trinity Place

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Trinity Place Holdings, Inc engages in the ownership, investment, management, and development of real estate properties. It also controls a variety of intellectual property assets focused on the consumer sector. The company was founded by Sy Syms in 1959 and is headquartered in New York, NY.

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