Shares of Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS – Get 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
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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