Gyrodyne (NASDAQ:GYRO) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Gyrodyne , LLC (NASDAQ:GYRO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.57 and traded as low as $9.25. Gyrodyne shares last traded at $9.2350, with a volume of 187 shares.

Gyrodyne Stock Performance

The company has a 50 day simple moving average of $9.74 and a 200 day simple moving average of $9.57.

Institutional Investors Weigh In On Gyrodyne

Institutional investors have recently added to or reduced their stakes in the business. Bulldog Investors LLP acquired a new stake in Gyrodyne in the third quarter valued at $601,000. Teton Advisors LLC purchased a new position in shares of Gyrodyne in the 3rd quarter valued at about $177,000. Susquehanna International Group LLP purchased a new position in shares of Gyrodyne in the 3rd quarter valued at about $142,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Gyrodyne in the third quarter valued at about $77,000. 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.