Zacks Investment Research downgraded Manhattan Bridge Capital Inc. (NASDAQ:LOAN) to Hold in a report released today.
- Updated: September 16, 2016
Just yesterday Manhattan Bridge Capital Inc. (NASDAQ:LOAN) traded 2.07% higher at $6.27. LOAN’s 50-day average is $5.99 and its 200-day average is $4.93. With the last stock price close up 29.71% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. Trade volume was was down over the average, with 38,780 shares of LOAN changing hands under the typical 52,577 shares..
Zacks Investment Research has downgraded Manhattan Bridge Capital Inc.(NASDAQ:LOAN) to Hold in a statement released 9/16/2016.
Previously on Tuesday September 13 2016, Zacks Investment Research reported about Manhattan Bridge Capital Inc.(NASDAQ:LOAN) raised the target price from $0.00 to $6.75. At the time, this indicated a possible upside of 0.10%.
Recent Performance Chart:
Manhattan Bridge Capital Inc. has a price-earnings of 18 with a one-year low of $3.80 and a 52 week high of $6.45. LOAN’s total market value is currently $0.0.
More 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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