Manhattan Bridge Capital Reports 2Q EPS of 10c
LOAN is trading near its 52-week low of $4.1 (0.0% above the low).
Summary
Manhattan Bridge Capital posted second-quarter earnings of 10 cents per share. The company, a real estate finance firm with a market cap around $47 million, is trading near its 52-week low of $4.10. Q2 revenue fell due to lower rates and fees. The stock's proximity to its low suggests the market has been pricing in headwinds; this earnings print may offer a catalyst for reassessment if the details reveal improvement.
At the time of this announcement, LOAN was trading at $4.10 on NASDAQ in the Finance sector, with a market capitalization of approximately $46.9M. The 52-week trading range was $4.10 to $5.80. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.