New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report)’s share price traded up 0.3% during mid-day trading on Wednesday. The stock traded as high as $24.51 and last traded at $24.50. Approximately 8,712 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 18,355 shares. The stock had previously closed at $24.42.
New York Mortgage Trust Trading Down 0.4%
The business’s 50 day moving average is $25.21 and its 200 day moving average is $25.20.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust (REIT) that invests primarily in residential mortgage-related assets. Its portfolio may include agency and non-agency mortgage-backed securities, residential mortgage loans, mortgage servicing rights, credit risk transfer securities and other investments tied to the U.S. housing and mortgage markets.
The company seeks to generate income through interest payments, investment gains and other returns associated with its mortgage assets.
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