StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Free Report) in a research note issued to investors on Tuesday. The firm issued a strong-buy rating on the credit services provider’s stock.
Manhattan Bridge Capital Price Performance
Shares of NASDAQ:LOAN opened at $5.42 on Tuesday. The business has a 50-day moving average of $5.34 and a two-hundred day moving average of $5.23. The firm has a market capitalization of $62.00 million, a PE ratio of 10.84 and a beta of 0.58. Manhattan Bridge Capital has a 12 month low of $4.27 and a 12 month high of $5.90.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last posted its earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $2.44 million during the quarter. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%.
Hedge Funds Weigh In On Manhattan Bridge Capital
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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