NEW YORK (
Gramercy Capital Corporation
) is trading at unusually high volume Monday with 2.9 million shares changing hands. It is currently at four times its average daily volume and trading down 89 cents (-22.5%) at $3.07 as of 12:01 p.m. ET.
Gramercy has a market cap of $196.8 million and is part of the
industry. Shares are up 71.4% year to date as of the close of trading on Friday.
Operates as a real estate specialty finance company focused on originating and acquiring, for its own account, loans, distressed debt, mortgage backed securities, mezzanine loans and preferred equity interests in entities that own commercial real estate.
TheStreet Ratings rates Gramercy as a
. Among the areas we feel are negative, one of the most important has been poor debt management on most measures. You can view the full
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