Manhattan Bridge Capital (NASDAQ:LOAN) Posts Earnings Results, Hits Estimates

Manhattan Bridge Capital (NASDAQ:LOAN) posted its quarterly earnings data on Wednesday. The credit services provider reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12, Yahoo Finance reports. The business had revenue of $2.31 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%.

Manhattan Bridge Capital Stock Performance

NASDAQ LOAN remained flat at $5.42 during midday trading on Friday. 13,775 shares of the company’s stock traded hands, compared to its average volume of 21,278. The stock has a fifty day moving average of $5.34 and a two-hundred day moving average of $5.23. The firm has a market cap of $62.00 million, a PE ratio of 10.88 and a beta of 0.58. Manhattan Bridge Capital has a 52 week low of $4.27 and a 52 week high of $5.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Manhattan Bridge Capital in a report on Tuesday. They set a “strong-buy” rating for the company.

About Manhattan Bridge Capital

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.