Manhattan Bridge Capital (NASDAQ:LOAN) Posts Quarterly Earnings Results, Meets Estimates

Manhattan Bridge Capital (NASDAQ:LOAN) released its earnings results on Monday. The credit services provider reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12, Yahoo Finance reports. The firm had revenue of $2.44 million for the quarter. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.21%.

Manhattan Bridge Capital Stock Performance

LOAN stock remained flat at $5.28 on Thursday. 1,487 shares of the company traded hands, compared to its average volume of 22,196. The stock has a market capitalization of $60.40 million, a PE ratio of 10.56 and a beta of 0.59. Manhattan Bridge Capital has a 1 year low of $4.27 and a 1 year high of $5.59. The firm’s 50-day simple moving average is $5.21 and its 200 day simple moving average is $5.01.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Manhattan Bridge Capital in a report on Thursday. They issued 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.