Mill City Ventures III (NASDAQ:MCVT) Trading 12.4% Higher - Should You Buy?

Key Points

• Mill City Ventures III shares increased by 12.4% during mid-day trading on Tuesday, reaching a last traded price of $6.39.
• The company reported an earnings per share of $0.06 and a revenue of $0.78 million for the recent quarter, showcasing a healthy net margin of 38.13%.
• Mill City Ventures III has a market capitalization of $571.12 million and a P/E ratio of 36.69 as it specializes in investments in public and private companies.

Mill City Ventures III, Ltd. (NASDAQ:MCVT - Get Free Report) shares traded up 12.4% during trading on Tuesday . The company traded as high as $6.14 and last traded at $6.39. 765,600 shares changed hands during trading, a decline of 35% from the average session volume of 1,185,911 shares. The stock had previously closed at $5.69.

Mill City Ventures III Price Performance

The company has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $2.29. The stock has a market cap of $598.16 million, a P/E ratio of 30.42 and a beta of 1.03.

Mill City Ventures III (NASDAQ:MCVT - Get Free Report) last announced its earnings results 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 7.06% and a net margin of 45.43%. The firm 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.