Equities researchers at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a report issued on Tuesday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Performance
Shares of NASDAQ:LOAN opened at $5.49 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 market capitalization of $62.80 million, a price-to-earnings ratio of 10.98 and a beta of 0.58. The company has a 50-day simple moving average of $5.33 and a 200-day simple moving average of $5.23.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The credit services provider reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%. The firm had revenue of $2.44 million during the quarter.
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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