Research analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Trading Up 1.4 %
LOAN stock opened at $5.68 on Friday. Manhattan Bridge Capital has a 1 year low of $4.69 and a 1 year high of $5.90. The company has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $5.48. The firm has a market cap of $64.97 million, a PE ratio of 11.59 and a beta of 0.48.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The business had revenue of $2.36 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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