Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) released its quarterly earnings data on Wednesday. The credit services provider reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates 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 firm had revenue of $2.31 million during the quarter.
Manhattan Bridge Capital Stock Performance
NASDAQ:LOAN opened at $5.42 on Friday. The stock has a 50 day moving average of $5.35 and a 200-day moving average of $5.23. The firm has a market capitalization of $62.00 million, a PE ratio of 10.84 and a beta of 0.58. Manhattan Bridge Capital has a 52 week low of $4.27 and a 52 week high of $5.90.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a research report on Tuesday. They set a “strong-buy” rating for the company.
Manhattan Bridge Capital Company Profile
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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