Trinity Place (NYSEAMERICAN:TPHS) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $0.03 and traded as high as $0.0305. Trinity Place shares last traded at $0.0305, with a volume of 1,004 shares changing hands.

Trinity Place Stock Performance

The firm has a market cap of $1.80 million, a price-to-earnings ratio of -0.17 and a beta of 0.16. The firm has a 50-day moving average price of $0.03 and a two-hundred day moving average price of $0.03.

About Trinity Place

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Trinity Place Holdings, Inc is a real estate holding company focused on the ownership, development, leasing and sale of residential and commercial properties. Its activities include managing real estate assets, pursuing redevelopment opportunities and monetizing properties through sales or other transactions.

The company’s portfolio has historically included properties in the New York metropolitan area, including the Trinity Place development at 77 Greenwich Street in Lower Manhattan. The project combines residential condominiums with commercial and retail space, reflecting the company’s focus on mixed-use urban real estate.

Trinity Place Holdings was formerly known as Syms Corp., the operator of an off-price clothing retail business.

Further Reading

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