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

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) released its quarterly earnings results on Tuesday. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12, Zacks reports. The firm had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 59.04%.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ:LOAN traded down $0.04 during trading hours on Friday, hitting $5.49. 5,422 shares of the company's stock traded hands, compared to its average volume of 17,518. The firm has a market capitalization of $62.74 million, a P/E ratio of 11.67 and a beta of 0.30. The business has a fifty day moving average price of $5.30 and a 200-day moving average price of $5.42. Manhattan Bridge Capital has a 1 year low of $4.74 and a 1 year high of $6.05.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on Manhattan Bridge Capital in a research report on Sunday, May 18th. They set a "strong-buy" rating on the stock.

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.