Manhattan Bridge Capital (NASDAQ:LOAN) Posts Earnings Results, Hits Expectations

Manhattan Bridge Capital (NASDAQ:LOAN) 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.