Bimini Capital Management (OTCMKTS:BMNM) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Bimini Capital Management Inc. (OTCMKTS:BMNM) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.98 and traded as high as $3.06. Bimini Capital Management shares last traded at $3.06, with a volume of 16,963 shares.

Bimini Capital Management Price Performance

The company has a debt-to-equity ratio of 2.96, a current ratio of 0.11 and a quick ratio of 0.11. The stock’s fifty day moving average is $1.98 and its 200-day moving average is $1.44. The stock has a market cap of $30.81 million, a PE ratio of 34.00 and a beta of 0.04.

Bimini Capital Management (OTCMKTS:BMNM) last issued its earnings results 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.