Analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a report released on Saturday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Performance
Manhattan Bridge Capital stock opened at $5.48 on Friday. The stock has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.17. The stock has a market capitalization of $62.69 million, a P/E ratio of 10.96 and a beta of 0.58. Manhattan Bridge Capital has a 52 week low of $4.27 and a 52 week high of $5.59.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last posted its earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%. The business had revenue of $2.44 million for the quarter.
Hedge Funds Weigh In On Manhattan Bridge Capital
About Manhattan Bridge Capital
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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