Stock analysts at StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a research report issued on Saturday. The firm set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Performance
Manhattan Bridge Capital stock opened at $5.48 on Friday. The company has a market capitalization of $62.69 million, a PE ratio of 10.96 and a beta of 0.58. The company has a 50 day moving average price of $5.26 and a 200-day moving average price of $5.16. Manhattan Bridge Capital has a fifty-two week low of $4.27 and a fifty-two week high of $5.59.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last issued its earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.44 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%.
Institutional Investors Weigh In On Manhattan Bridge Capital
About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.
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