American Strategic Investment (NYSE:NYC) Shares Down 2.5% – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

American Strategic Investment Stock Down 2.5%

The company has a debt-to-equity ratio of 1.73, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $21.87 million, a price-to-earnings ratio of -0.96 and a beta of 0.19. The firm’s fifty day moving average is $8.68 and its 200-day moving average is $8.74.

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

Insider Buying and Selling

In other news, major shareholder Nicholas S. Schorsch purchased 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 completion of the purchase, the insider owned 1,089,620 shares of the company’s stock, valued at approximately $10,384,078.60. This trade represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 18,000 shares of company stock valued at $163,490 in the last three months. 3.97% of the stock is currently owned by company 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.