Mill City Ventures III (NASDAQ:MCVT) Sets New 52-Week High - Still a Buy?

Key Points

• Mill City Ventures III shares reached a new 52-week high, trading at $8.30 with a notable volume of 968,868 shares, up from a previous close of $6.97.
• The company reported earnings of $0.06 per share for the last quarter and had a revenue of $0.78 million, showcasing a net margin of 38.13%.
• With a market cap of $652.24 million, Mill City Ventures III focuses on investing in debt and equity securities of both public and private companies to support their operations.

Mill City Ventures III, Ltd. (NASDAQ:MCVT - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $8.20 and last traded at $8.30, with a volume of 968868 shares changing hands. The stock had previously closed at $6.97.

Mill City Ventures III Stock Up 14.2%

The firm has a market cap of $652.24 million, a price-to-earnings ratio of 42.03 and a beta of 1.03. The business has a 50 day moving average of $2.88 and a 200 day moving average of $2.21.

Mill City Ventures III (NASDAQ:MCVT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.06 EPS for the quarter. The business had revenue of $0.78 million for the quarter. Mill City Ventures III had a return on equity of 6.37% and a net margin of 38.13%.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.

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