Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) released its quarterly earnings results on Wednesday. The credit services provider reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12, Yahoo Finance reports. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%. The business had revenue of $2.31 million during the quarter.
Manhattan Bridge Capital Stock Performance
Shares of Manhattan Bridge Capital stock remained flat at $5.42 on Friday. The stock had a trading volume of 13,775 shares, compared to its average volume of 21,278. Manhattan Bridge Capital has a 1-year low of $4.27 and a 1-year high of $5.90. The company has a market capitalization of $62.00 million, a P/E ratio of 10.88 and a beta of 0.58. The stock's fifty day moving average is $5.34 and its 200 day moving average is $5.23.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Manhattan Bridge Capital in a research note on Tuesday. They set a "strong-buy" rating on the stock.
Read Our Latest Report on Manhattan Bridge Capital
About Manhattan Bridge Capital
(
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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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