American Realty Investors (NYSE:ARL) Stock Price Crosses Below 200-Day Moving Average of $17.49

American Realty Investors, Inc. (NYSE:ARL)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.49 and traded as low as $13.58. American Realty Investors shares last traded at $13.83, with a volume of 8,204 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on American Realty Investors in a report on Thursday. They issued a “hold” rating on the stock.

American Realty Investors Stock Performance

The firm has a fifty day simple moving average of $18.17 and a two-hundred day simple moving average of $17.49. The company has a quick ratio of 28.29, a current ratio of 28.29 and a debt-to-equity ratio of 0.22.

American Realty Investors (NYSE:ARL) last released its quarterly earnings results on Thursday, March 21st. The financial services provider reported ($0.13) earnings per share for the quarter. American Realty Investors had a net margin of 7.86% and a return on equity of 0.49%. The business had revenue of $14.05 million during the quarter.

Hedge Funds Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. Russell Investments Group Ltd. lifted its position in shares of American Realty Investors, Inc. (NYSE:ARL) by 227.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,399 shares of the financial services provider’s stock after buying an additional 12,778 shares during the period. Russell Investments Group Ltd.’s holdings in American Realty Investors were worth $320,000 as of its most recent SEC filing.

About American Realty Investors

American Realty Investors, Inc, together with its subsidiaries, acquires, develops, owns, and manages multifamily and commercial real estate properties in the Southern United States. It operates through two segments, Residential and Commercial. The company leases apartment units to residents; and office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies.