Bimini Capital Management (OTCMKTS:BMNM) Stock Passes Above 50-Day Moving Average – Here’s Why

Bimini Capital Management Inc. (OTCMKTS:BMNM)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.80 and traded as high as $3.0680. Bimini Capital Management shares last traded at $2.90, with a volume of 751 shares.

Bimini Capital Management Price Performance

The stock has a fifty day moving average of $1.80 and a 200-day moving average of $1.36. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $29.20 million, a P/E ratio of 32.22 and a beta of 0.14.

Bimini Capital Management (OTCMKTS:BMNM) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.18 EPS for the quarter. Bimini Capital Management had a net margin of 5.98% and a return on equity of 11.89%.

About Bimini Capital Management

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.