Mill City Ventures III (NASDAQ:MCVT) Shares Up 5.1% - Still a Buy?

Key Points

• Mill City Ventures III shares increased by 5.1% to $7.68, a rise from the previous closing price of $7.30, despite a significant drop in trading volume.
• The company reported a net margin of 45.43% and earnings per share (EPS) of $0.10 during its last quarterly earnings report.
• Mill City Ventures III specializes in investments in debt and equity securities, focusing on both publicly traded and privately held companies for operational funding.

Mill City Ventures III, Ltd. (NASDAQ:MCVT - Get Free Report)'s share price rose 5.1% during mid-day trading on Monday . The company traded as high as $7.80 and last traded at $7.68. Approximately 65,908 shares changed hands during trading, a decline of 94% from the average daily volume of 1,182,968 shares. The stock had previously closed at $7.30.

Mill City Ventures III Trading Up 10.5%

The company has a market cap of $527.97 million, a P/E ratio of 27.71 and a beta of 1.03. The business has a 50 day moving average price of $3.63 and a 200-day moving average price of $2.41.

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

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.