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New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

New England Realty Associates Limited Partnership logo with Real Estate background

Key Points

  • New England Realty Associates Limited Partnership’s share price has fallen below its 50-day moving average of $73.56, trading as low as $71.50.
  • Raymond James Financial Inc. recently acquired 3,000 shares of the company valued at approximately $239,000, representing a 0.10% ownership stake.
  • The company focuses on acquiring and operating real estate properties across the United States, primarily in Massachusetts and New Hampshire.
  • Five stocks we like better than New England Realty Associates Limited Partnership.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report)'s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $73.56 and traded as low as $71.50. New England Realty Associates Limited Partnership shares last traded at $71.50, with a volume of 1,184 shares.

New England Realty Associates Limited Partnership Trading Down 0.0%

The company's 50-day moving average price is $73.29 and its 200 day moving average price is $77.57.

Institutional Trading of New England Realty Associates Limited Partnership

A hedge fund recently raised its stake in New England Realty Associates Limited Partnership stock. Warberg Asset Management LLC grew its holdings in New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,730 shares of the company's stock after acquiring an additional 1,081 shares during the period. Warberg Asset Management LLC owned about 0.37% of New England Realty Associates Limited Partnership worth $784,000 as of its most recent filing with the Securities & Exchange Commission.

About New England Realty Associates Limited Partnership

(Get Free Report)

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire.

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