New York Mortgage Trust (NASDAQ:NYMTN) Stock Price Down 0.7% – Time to Sell?

New York Mortgage Trust, Inc. (NASDAQ:NYMTN)’s share price fell 0.7% during trading on Tuesday . The company traded as low as $22.5201 and last traded at $22.73. 9,336 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 11,816 shares. The stock had previously closed at $22.88.

New York Mortgage Trust Stock Down 0.7%

The stock has a fifty day simple moving average of $22.41 and a 200 day simple moving average of $22.23.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a specialty finance company organized as a real estate investment trust (REIT) that focuses on generating income through investments in mortgage-related assets. The company operates as an externally managed REIT, with its common and preferred shares traded on the Nasdaq. Headquartered in New York City, New York Mortgage Trust deploys capital primarily across a variety of residential mortgage-backed securities (RMBS) and other asset-backed mortgage investments.

The firm’s investment portfolio typically includes agency and non-agency RMBS, commercial mortgage-backed securities (CMBS), and whole mortgage loans secured by residential properties.