Research analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a report issued on Monday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Up 4.1 %
Shares of NASDAQ:LOAN opened at $5.65 on Monday. The company has a market capitalization of $64.63 million, a price-to-earnings ratio of 11.30 and a beta of 0.58. The company has a 50 day moving average of $5.31 and a two-hundred day moving average of $5.22. Manhattan Bridge Capital has a 52-week low of $4.27 and a 52-week high of $5.90.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last released its quarterly 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. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%. The business had revenue of $2.44 million during the quarter.
Institutional Inflows and Outflows
Manhattan Bridge Capital Company Profile
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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