Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 9, 2016
Having a price of $7.17, Manhattan Bridge Capital Inc. (NASDAQ:LOAN) traded -1.66% lower on the day. With the last stock price up 35.73% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. LOAN has recorded a 50-day average of $6.50 and a two hundred day average of $5.25. Trade Volume was down over the average, with 25,103 shares of LOAN changing hands under the typical 51,703
Zacks Investment Research has downgraded Manhattan Bridge Capital Inc. (NASDAQ:LOAN) to Hold in a report released on 10/5/2016.
On Tuesday September 20, 2016, Zacks Investment Research released a statement about Manhattan Bridge Capital Inc. (NASDAQ:LOAN) upped the target price from $0.00 to $7.25 that suggested an upside of 0.13%.
Recent Performance Chart
Manhattan Bridge Capital Inc. has PE ratio of 19.83 with a one year low of $3.80 and a one year high of $7.48 and has a market capitalization of $0.
General Company Details For Manhattan Bridge Capital Inc. (NASDAQ:LOAN)
Manhattan Bridge Capital, Inc. (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. Its primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends. It intends to achieve this objective by continuing to selectively originate, fund loans secured by first mortgages on residential real estate held for investment located in the New York metropolitan area, and to manage and service its portfolio in a manner designed to generate risk-adjusted returns across a range of market conditions and economic cycles. Its loan portfolio includes various construction loans.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.