Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) announced its earnings results on Wednesday. The credit services provider reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12, Yahoo Finance reports. The firm had revenue of $2.31 million during the quarter. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%.
Manhattan Bridge Capital Stock Up 0.4 %
Shares of NASDAQ:LOAN traded up $0.02 during midday trading on Friday, reaching $5.44. The company’s stock had a trading volume of 6,072 shares, compared to its average volume of 21,240. The firm has a market cap of $62.23 million, a price-to-earnings ratio of 10.84 and a beta of 0.58. The business has a 50 day moving average price of $5.34 and a 200 day moving average price of $5.23. Manhattan Bridge Capital has a 1 year low of $4.27 and a 1 year high of $5.90.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Manhattan Bridge Capital in a research note on Tuesday. They set a “strong-buy” rating on the stock.
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.
Featured Articles
- Five stocks we like better than Manhattan Bridge Capital
- How to Invest in the FAANG Stocks
- Texas Roadhouse Stock Steering for New Highs This Year
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What are earnings reports?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Manhattan Bridge Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Bridge Capital and related companies with MarketBeat.com's FREE daily email newsletter.