American Strategic Investment (NYSE:NYC) Stock Price Down 2.5% – Time to Sell?

American Strategic Investment Co. (NYSE:NYC) dropped 2.5% on Thursday . The company traded as low as $8.11 and last traded at $8.13. Approximately 3,705 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 74,968 shares. The stock had previously closed at $8.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Strategic Investment has a consensus rating of “Sell”.

American Strategic Investment Trading Down 2.5%

The firm has a market cap of $21.87 million, a P/E ratio of -0.96 and a beta of 0.19. The business’s 50-day moving average is $8.68 and its two-hundred day moving average is $8.74. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.73.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share (EPS) for the quarter. American Strategic Investment had a negative return on equity of 113.06% and a negative net margin of 53.18%.The business had revenue of $7.35 million during the quarter.

Insider Buying and Selling at American Strategic Investment

In related news, major shareholder Nicholas S. Schorsch purchased 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $9.53 per share, with a total value of $76,240.00. Following the acquisition, the insider owned 1,089,620 shares in the company, valued at approximately $10,384,078.60. This trade represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders purchased 18,000 shares of company stock worth $163,490. 3.97% of the stock is currently owned by corporate insiders.

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.