Shares of Manhattan Bridge Capital (LOAN, Financial) experienced significant volatility, dropping by 5.13%. The stock is currently priced at $5.45 per share, with a trading volume of 45,727 shares and a turnover rate of 0.40%.
The company's recent financial report indicates a revenue of $2.44 million and a net profit of $1.41 million, resulting in earnings per share of $0.12. The price-to-earnings ratio stands at 11.02, but there are no current buy, hold, or sell recommendations from analysts.
Within the real estate investment trust sector, to which Manhattan Bridge Capital belongs, there was a minor overall increase of 0.23%. Other notable stocks in the sector include Presidio Ppty Tr Inc, Innsuites Hospitality Trust, and Wheeler Real Estate Invt Tr Inc, which saw significant gains. Wheeler Real Estate Investment Trust and Power Reit were highly active with substantial turnover rates of 66.66% and 8.26%, respectively. Stocks with notable volatility included Wheeler Real Estate Invt Tr Inc with a 21.24% amplitude and Power Reit with 17.23%.
The company specializes in providing short-term, secured non-bank loans for real estate investors to acquire and improve properties in the New York metropolitan area.
