Trinity Place (NYSEAMERICAN:TPHS) Stock Passes Above 50 Day Moving Average of $0.00

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $0.43. Trinity Place shares last traded at $0.43, with a volume of 22,713 shares traded.

Trinity Place Stock Performance

The company has a debt-to-equity ratio of 19.75, a quick ratio of 0.64 and a current ratio of 0.64.

Trinity Place (NYSEAMERICAN:TPHS) last issued its quarterly earnings data on Monday, August 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. Trinity Place had a negative net margin of 64.11% and a negative return on equity of 132.86%. The business had revenue of $6.67 million during the quarter.

Hedge Funds Weigh In On Trinity Place

Several institutional investors and hedge funds have recently modified their holdings of TPHS. Bank of America Corp DE boosted its position in Trinity Place by 50,581.4% during the 1st quarter. Bank of America Corp DE now owns 51,695 shares of the company’s stock worth $25,000 after acquiring an additional 51,593 shares during the last quarter. Millennium Management LLC acquired a new position in Trinity Place during the 4th quarter worth approximately $32,000. Charles Schwab Investment Management Inc. acquired a new position in Trinity Place during the 1st quarter worth approximately $61,000. State Street Corp boosted its position in Trinity Place by 46.4% during the 1st quarter. State Street Corp now owns 44,076 shares of the company’s stock worth $84,000 after acquiring an additional 13,976 shares during the last quarter. Finally, First Manhattan Co. raised its stake in shares of Trinity Place by 51.5% during the 4th quarter. First Manhattan Co. now owns 183,766 shares of the company’s stock worth $136,000 after purchasing an additional 62,500 shares in the last quarter. 53.95% of the stock is currently owned by institutional investors and hedge funds.

About Trinity Place

Trinity Place Holdings Inc operates as a real estate holding, investment, development, and asset management company in the United States. The company's principal asset is located at 77 Greenwich Street in Lower Manhattan. It also owns a property occupied by a retail tenant in Paramus, New Jersey.