Sachem Capital Corp. (NASDAQ:SACH) shares traded up 3.2% during mid-day trading on Tuesday . The company traded as high as $1.90 and last traded at $1.66, 137,400 shares were traded during mid-day trading. An increase of 18% from the average session volume of 116,446 shares. The stock had previously closed at $1.61.
Separately, Aegis reaffirmed a “buy” rating on shares of Sachem Capital in a research note on Thursday, December 12th.
The firm has a 50 day simple moving average of $3.58.
Sachem Capital Company Profile (NASDAQ:SACH)
Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
Further Reading: What is a Swap?
Receive News & Ratings for Sachem Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sachem Capital and related companies with MarketBeat.com's FREE daily email newsletter.