Mill City Ventures III (NASDAQ:MCVT) Shares Down 5.3% - Time to Sell?

Key Points

• Mill City Ventures III's shares fell by 5.3%, trading between $5.90 and $6.09, with a significant drop in trading volume by 76% from its average.
• The company's recent quarterly earnings showed an EPS of $0.10, with a net margin of 45.43% and revenue of $0.95 million.
• Mill City Ventures III specializes in investing in debt and equity securities of both public and private companies, focusing on operations like start-ups, acquisitions, and growth.

Mill City Ventures III, Ltd. (NASDAQ:MCVT - Get Free Report)'s share price traded down 5.3% during mid-day trading on Monday . The company traded as low as $5.90 and last traded at $6.09. 274,588 shares traded hands during trading, a decline of 76% from the average session volume of 1,166,307 shares. The stock had previously closed at $6.43.

Mill City Ventures III Price Performance

The stock's fifty day simple moving average is $3.63 and its 200-day simple moving average is $2.41. The company has a market capitalization of $505.80 million, a P/E ratio of 25.67 and a beta of 1.03.

Mill City Ventures III (NASDAQ:MCVT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter. Mill City Ventures III had a net margin of 45.43% and a return on equity of 7.01%. The company had revenue of $0.95 million during the quarter.

About Mill City Ventures III

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.