StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Free Report) in a research note issued to investors on Tuesday morning. The brokerage issued a strong-buy rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Performance
Shares of LOAN opened at $5.42 on Tuesday. Manhattan Bridge Capital has a one year low of $4.27 and a one year high of $5.90. The stock has a 50-day moving average price of $5.34 and a 200 day moving average price of $5.23. The company has a market capitalization of $62.00 million, a P/E ratio of 10.84 and a beta of 0.58.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last released its earnings results on Monday, July 22nd. The credit services provider reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.44 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%.
Institutional Investors 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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