Manhattan Bridge Capital (NASDAQ: LOAN) has reported earnings for its third fiscal quarter (ending September 30) of $0.12 versus $0.13 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $0.49 versus $0.46 for the same period a year ago.
Recent Price Action
Manhattan Bridge Capital (NASDAQ: LOAN) stock was unchanged 0.0% on 10/23/24. The shares closed at $5.35. However, trading volume in this flat performance was exceptionally low at 45% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.3% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Manhattan Bridge Capital has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 65, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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