New York Mortgage Trust Inc (NASDAQ:NYMT) and Cypress Semiconductor Corporation (NASDAQ:CY) down marginally
Northern, WI 05/03/2013 (GDPInsider) – New York Mortgage Trust, Inc (NASDAQ:NYMT): In Friday’s trading session there was a drop of 1.97% in GT Advanced Technologies Inc (NASDAQ:GTAT) shares. The shares had an opening price of $7.09 which was also its highest intraday price. This price then dipped to $6.93 per share. Over 3.56M shares were traded in Friday’s trading session which was well above the average volume of 1.64M which was measured over the last 30 days.
New York Mortgage Trust, Inc (NASDAQ:NYMT) is a REIT or a real estate investment trust. It is in the business of acquisition and management of assets that are largely real-estate related. These include adjustable rate mortgage loans that are related to residential high credit-quality ones, agency as well as non-agency mortgage backed securities, financial assets and mortgage loans. Since the company is a REIT it is not liable to pay federal taxes. The condition is that a minimum of 90pecent of its REIT-related income has to be distributed to its stockholders.
Is NYMT a solid investment at these levels? Get valuable updates and exclusive insights here.
Cypress Semiconductor Corporation (NASDAQ:CY): In Friday’s trading session there was a rise of 1.30% in Cypress Semiconductor Corporation (NASDAQ:CY) shares. The shares had an opening price of $10.14 which touched an intraday price of $10.28 and closed at a marginally lower one of $10.10. Over 3.35M shares were traded in Friday’s trading session which was in the same average volume range of 3.25M which was measured over the last 30 days.
Cypress Semiconductor Corporation (NASDAQ:CY) offers high-performance programmable and mixed-signal solutions. It operates in four different segments- Data Communications Division, Consumer and Computation Division, Emerging Technologies and Other and the Memory Products Division. The PSoC or Programmable System-on-Chip families and derivative is Cypress Semiconductor Corporation’s flagship offering. It’s True Touch and CapSense touch solutions are used in touchscreen devices. The company is also involved in USB (universal serial bus) controllers which include the West Bridge solution. This enhances the performance as well as the connectivity of multimedia handsets.
Apart from this, the company also operates in the SRAM’s or Static Random Access Memories segment as well as in that of programmable timing devices. It serves various markets including the mobile handsets, consumer, and data communications, military, industrial and automotive ones.
How Should Investors Trade CY Now? Get key and important information right here.
WallStreetAnalyzed.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetAnalyzed.com website, for complete risks and disclosures.