Manhattan Bridge Capital (NASDAQ:LOAN) Stock Crosses Below 200 Day Moving Average of $4.80

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.80 and traded as low as $4.60. Manhattan Bridge Capital shares last traded at $4.64, with a volume of 15,229 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Manhattan Bridge Capital from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 6th.

Manhattan Bridge Capital Price Performance

The company has a 50-day simple moving average of $4.65 and a 200-day simple moving average of $4.80. The firm has a market cap of $53.13 million, a PE ratio of 9.47 and a beta of 0.61.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Independent Wealth Network Inc. purchased a new position in shares of Manhattan Bridge Capital during the third quarter valued at approximately $52,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Manhattan Bridge Capital in the first quarter valued at approximately $89,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Manhattan Bridge Capital by 98.4% in the second quarter. Moneta Group Investment Advisors LLC now owns 18,589 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 9,218 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of Manhattan Bridge Capital by 10.9% in the first quarter. Advisor Group Holdings Inc. now owns 18,606 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 1,826 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Manhattan Bridge Capital in the first quarter valued at approximately $133,000. Hedge funds and other institutional investors own 17.81% of the company’s stock.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or development of residential or commercial properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.