Manhattan Bridge Capital Inc. (NASDAQ:LOAN) target price raised to $7.25, reported today by Zacks Investment Research
- Updated: September 19, 2016
In a statement issued on Tuesday September 20 2016 Zacks Investment Research increased the target price of Manhattan Bridge Capital Inc. (NASDAQ:LOAN) from $0 to $7 stating a possible upside of 0.13%.
Having a price of $6.40, Manhattan Bridge Capital Inc. (NASDAQ:LOAN) traded 0.47% higher on the day. With the last close up 29.52% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same period. Manhattan Bridge Capital Inc. has been tracking to a 50-day average of $6.01 and 200-day average of $4.96. Trade volume was was down over the average, with 33,932 shares of LOAN changing hands under the typical 52,967 shares.
Manhattan Bridge Capital Inc. has a 52 week low of $3.80 and a 52 week high of $6.49 with a P/E ratio of 18. Manhattan Bridge Capital Inc.’s total market value is currently $0.0.
Brief Synopsis About 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 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.
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