American Strategic Investment (NYSE:NYC) Releases Earnings Results

American Strategic Investment (NYSE:NYC) posted its earnings results on Wednesday. The company reported ($3.04) earnings per share (EPS) for the quarter, Zacks reports. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%.

American Strategic Investment Trading Up 0.8%

American Strategic Investment stock traded up $0.06 during mid-day trading on Wednesday, hitting $8.06. 3,575 shares of the company’s stock were exchanged, compared to its average volume of 23,421. The company’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $8.69. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $21.71 million, a P/E ratio of -0.95 and a beta of 0.18. American Strategic Investment has a fifty-two week low of $7.00 and a fifty-two week high of $13.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Activity at American Strategic Investment

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $9.53 per share, for a total transaction of $76,240.00. Following the transaction, the insider owned 1,089,620 shares of the company’s stock, valued at $10,384,078.60. This trade represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 18,000 shares of company stock worth $163,490 over the last quarter. Company insiders own 3.97% of the company’s stock.

American Strategic Investment Company Profile

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.