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Gyrodyne Stock Bullish Momentum With A 29% Jump In The Last 10 Sessions

(VIANEWS) – Shares of Gyrodyne (NASDAQ: GYRO) jumped by a staggering 29.14% in 10 sessions from $9.06 at 2023-06-07, to $11.70 at 11:09 EST on Wednesday, following the last session’s upward trend. NASDAQ is sliding 0.98% to $13,533.35, after two consecutive sessions in a row of losses.

Gyrodyne’s last close was $11.70, 6.55% under its 52-week high of $12.52.

About Gyrodyne

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. Gyrodyne owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of plans to seek value-enhancing entitlements. Gyrodyne also owns a medical office park in Cortlandt Manor, New York which is also the subject of a subdivision application. Gyrodyne's common shares are traded on the NASDAQ Stock Market under the symbol GYRO.

Earnings Per Share

As for profitability, Gyrodyne has a trailing twelve months EPS of $0.18.

PE Ratio

Gyrodyne has a trailing twelve months price to earnings ratio of 65. Meaning, the purchaser of the share is investing $65 for every dollar of annual earnings.

Volatility

Gyrodyne’s last week, last month’s, and last quarter’s current intraday variation average was 11.32%, 4.42%, and 4.08%.

Gyrodyne’s highest amplitude of average volatility was 11.32% (last week), 5.15% (last month), and 4.08% (last quarter).

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Gyrodyne’s stock is considered to be oversold (<=20).

More news about Gyrodyne (GYRO).

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