New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report)’s stock price dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as $21.96 and last traded at $21.98. Approximately 21,754 shares traded hands during mid-day trading, an increase of 174% from the average daily volume of 7,927 shares. The stock had previously closed at $22.16.
New York Mortgage Trust Stock Performance
The business has a 50-day moving average of $22.23 and a 200 day moving average of $21.80.
About New York Mortgage Trust
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.
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