American Strategic Investment (NYSE:NYC) Stock Price Down 1.1% – What’s Next?

American Strategic Investment Co. (NYSE:NYC)’s share price traded down 1.1% on Wednesday . The stock traded as low as $7.91 and last traded at $8.19. 2,157 shares were traded during trading, a decline of 36% from the average session volume of 3,386 shares. The stock had previously closed at $8.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

American Strategic Investment Price Performance

The firm has a market cap of $21.87 million, a PE ratio of -0.93 and a beta of 0.15. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. The business’s fifty day moving average is $8.34 and its 200-day moving average is $10.46.

American Strategic Investment (NYSE:NYC) last released its earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.76) by ($1.47). American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%. The company had revenue of $12.27 million for the quarter, compared to the consensus estimate of $14.26 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC increased its position in American Strategic Investment Co. (NYSE:NYC) by 3,757.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,436 shares of the company’s stock after acquiring an additional 16,984 shares during the quarter. Coppell Advisory Solutions LLC owned about 0.66% of American Strategic Investment worth $194,000 as of its most recent SEC filing. 48.04% of the stock is currently owned by hedge funds and other institutional investors.

About American Strategic Investment

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