Gyrodyne Co. of America Downgraded by TheStreet to “Sell” (GYRO)
Gyrodyne Co. of America (NASDAQ:GYRO) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, AmericanBankingNews.com reports.
The analysts wrote, “Gyrodyne Company of America (GYRO) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.”
Gyrodyne Co. of America (NASDAQ:GYRO) traded up 2.66% on Monday, hitting $5.75. The stock had a trading volume of 4,367 shares. Gyrodyne Co. of America has a 1-year low of $5.58 and a 1-year high of $80.04. The stock’s 50-day moving average is $6.18 and its 200-day moving average is $36.23. The company has a market cap of $8.5 million and a P/E ratio of 0.18.
Gyrodyne Company of America, Inc (NASDAQ:GYRO) is a self-managed and self-administered real estate investment trust (REIT).
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