New York Mortgage Trust, Inc. (NASDAQ:NYMTN – Get Free Report)’s share price shot up 0.8% during mid-day trading on Wednesday. The company traded as high as $22.6509 and last traded at $22.6509. 1,489 shares traded hands during trading, a decline of 90% from the average session volume of 14,287 shares. The stock had previously closed at $22.46.
New York Mortgage Trust Stock Down 0.9%
The firm’s 50-day simple moving average is $24.04 and its 200 day simple moving average is $23.37.
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a real estate investment trust (REIT) focused on acquiring, financing and managing mortgage-related assets. The company invests primarily in residential mortgage assets, including agency and non-agency mortgage-backed securities, residential mortgage loans and other investments associated with the U.S. housing market.
Its investment portfolio has also included credit-sensitive residential assets, such as non-qualified mortgage loans, residential mortgage-backed securities and investments related to single-family rental properties.
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