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

Shares of Gyrodyne, LLC (NASDAQ:GYRO) 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 Stock Up 3.8 %

The firm’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $9.04. 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 Inflows and Outflows

A hedge fund recently raised its stake in Gyrodyne stock. Towerview LLC raised its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,000 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the quarter. Gyrodyne makes up 1.7% of Towerview LLC’s portfolio, making the stock its 10th biggest position. Towerview LLC owned 15.82% of Gyrodyne worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 71.36% of the company’s stock.

About Gyrodyne

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.