Bimini Capital Management (OTCMKTS:BMNM) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Bimini Capital Management Inc. (OTCMKTS:BMNM) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.83 and traded as low as $2.49. Bimini Capital Management shares last traded at $2.49, with a volume of 515 shares changing hands.

Bimini Capital Management Stock Up 4.6%

The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.04. The stock’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.83. The firm has a market cap of $25.05 million, a P/E ratio of 4.15 and a beta of 0.16.

Bimini Capital Management (OTCMKTS:BMNM) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.08 earnings per share for the quarter. Bimini Capital Management had a return on equity of 56.67% and a net margin of 32.69%.

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.