Stratus Properties (NASDAQ:STRS) Stock Price Breaks Below 200-Day Moving Average – Here’s What Happened

Stratus Properties Inc. (NASDAQ:STRS)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $24.09 and traded as low as $17.75. Stratus Properties shares last traded at $17.75, with a volume of 2,834 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Stratus Properties Trading Down 0.2%

The business’s 50 day simple moving average is $18.59 and its 200 day simple moving average is $24.01. The stock has a market cap of $143.81 million, a price-to-earnings ratio of 6.81 and a beta of 1.08. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Stratus Properties

An institutional investor recently bought a new position in Stratus Properties stock. Rangeley Capital LLC acquired a new stake in Stratus Properties Inc. (NASDAQ:STRS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,546 shares of the financial services provider’s stock, valued at approximately $383,000. Rangeley Capital LLC owned about 0.16% of Stratus Properties as of its most recent SEC filing. 61.63% of the stock is owned by hedge funds and other institutional investors.

Stratus Properties Company Profile

Stratus Properties Inc is a real estate development and management company headquartered in Austin, Texas. The company focuses primarily on the development, acquisition, ownership and management of residential, commercial, mixed-use and resort-related properties.

Stratus develops and sells residential lots and homes, as well as commercial properties and multifamily communities. Its portfolio and development activities have included master-planned communities, retail and office projects, apartments, hotels and other hospitality-oriented properties.