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

Gyrodyne, LLC (NASDAQ:GYRO) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.04 and traded as low as $8.77. Gyrodyne shares last traded at $8.85, with a volume of 882 shares trading hands.

Gyrodyne Price Performance

The company has a fifty day simple moving average of $9.02 and a two-hundred day simple moving average of $9.05. The company has a quick ratio of 1.78, a current 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 lifted its position in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,715 shares of the real estate investment trust’s stock after buying an additional 2,924 shares during the period. Round Hill Asset Management owned approximately 0.90% of Gyrodyne worth $153,000 as of its most recent SEC filing. 71.36% of the stock is currently owned by institutional investors and hedge funds.

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.