Do investors have a safe investment in Trinity Place Holdings Inc (AMEX:TPHS)?

The price of Trinity Place Holdings Inc (AMEX:TPHS) shares last traded on Wall Street rose 0.62% to $0.13.

TPHS stock price is now -8.08% away from the 50-day moving average and -41.19% away from the 200-day moving average. The market capitalization of the company currently stands at $8.26M.

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In other news, MFP PARTNERS LP, 10% Owner sold 86,668 shares of the company’s stock on Jun 07 ’24. The stock was sold for $19,934 at an average price of $0.23. Upon completion of the transaction, the 10% Owner now directly owns 8,532,617 shares in the company, valued at $1.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, 10% Owner MFP PARTNERS LP sold 55,403 shares of the business’s stock. A total of $6,648 was realized by selling the stock at an average price of $0.12. This leaves the insider owning 8,619,285 shares of the company worth $1.12 million. A total of 8.34% of the company’s stock is owned by insiders.

During the past 12 months, Trinity Place Holdings Inc has had a low of $0.08 and a high of $0.71. The fifty day moving average price for TPHS is $0.140118 and a two-hundred day moving average price translates $0.2177525 for the stock.

The latest earnings results from Trinity Place Holdings Inc (AMEX: TPHS) was released for 2024-03-31. The net profit margin was -116.44% and return on equity was -207.42% for TPHS. The company reported revenue of $2.36 million for the quarter, compared to $14.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -84.0 percent.

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