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

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

Manhattan Bridge Capital Trading Up 0.2 %

LOAN stock traded up $0.01 during trading hours on Friday, hitting $5.43. 9,396 shares of the stock traded hands, compared to its average volume of 21,256. The stock has a 50-day simple moving average of $5.34 and a 200 day simple moving average of $5.23. Manhattan Bridge Capital has a one year low of $4.27 and a one year high of $5.90. The company has a market cap of $62.11 million, a P/E ratio of 10.88 and a beta of 0.58.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Manhattan Bridge Capital in a research note on Tuesday. They issued 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.