Stock Rating Upgrade
The Value Trend Rating for Manhattan Bridge Capital (NASDAQ: LOAN) improved in the last week from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Manhattan Bridge Capital (NASDAQ: LOAN) stock closed at $4.70 on 12/15/23 after a slight decline of -0.2%. NORMAL trading volume accompanied the decline. The stock has risen 0.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
LOAN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Manhattan Bridge Capital has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. 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 39, and the Low Neutral Value Trend Rating results.
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