Gyrodyne (NASDAQ:GYRO) Stock Price Crosses Below 200-Day Moving Average of $8.93

Shares of Gyrodyne, LLC (NASDAQ:GYRO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.93 and traded as low as $7.93. Gyrodyne shares last traded at $7.95, with a volume of 1,817 shares trading hands.

Gyrodyne Trading Down 0.5 %

The firm has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $8.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling at Gyrodyne

In other Gyrodyne news, Director Paul L. Lamb sold 4,368 shares of Gyrodyne stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.99, for a total value of $34,900.32. Following the transaction, the director now directly owns 111,328 shares in the company, valued at approximately $889,510.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% 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.