Stock Rating Downgrade
The Value Trend Rating for Manhattan Bridge Capital (NASDAQ: LOAN) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 1/12/24, Manhattan Bridge Capital (NASDAQ: LOAN) stock increased 1.2%, closing at $5.00. However, trading volume in this advance was below average at 76% of normal. The stock has performed in line with the market over the last nine months and has risen 4.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LOAN is expected to continue to be a Value Builder.
Manhattan Bridge Capital has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Manhattan Bridge Capital has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 37, leading to the Negative Value Trend Rating.
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