Manhattan Bridge Capital (NASDAQ:LOAN) Announces Quarterly Earnings Results

Manhattan Bridge Capital (NASDAQ:LOAN) released its quarterly earnings results on Wednesday. The credit services provider reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12, Yahoo Finance reports. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%. The firm had revenue of $2.31 million during the quarter.

Manhattan Bridge Capital Stock Performance

Shares of LOAN remained flat at $5.42 during mid-day trading on Friday. The stock had a trading volume of 9,896 shares, compared to its average volume of 21,259. The stock has a market cap of $62.00 million, a PE ratio of 10.88 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. The business’s fifty day moving average price is $5.34 and its 200-day moving average price is $5.23.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Manhattan Bridge Capital in a report on Tuesday. They set a “strong-buy” rating for the company.

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.