Medallion Financial Corp. (MFIN) Trading 1.5% Higher
Medallion Financial Corp. (NASDAQ:MFIN)’s share price traded up 1.5% on Wednesday . The stock traded as high as $7.97 and last traded at $7.87, with a volume of 78,712 shares trading hands. The stock had previously closed at $7.75.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.00 price objective (down previously from $9.75) on shares of Medallion Financial Corp. in a research report on Monday.
The company’s 50-day moving average price is $7.44 and its 200-day moving average price is $7.69. The stock has a market cap of $189.56 million and a P/E ratio of 6.58.
Medallion Financial Corp. (NASDAQ:MFIN) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company earned $6.85 million during the quarter, compared to the consensus estimate of $8.64 million. On average, equities research analysts forecast that Medallion Financial Corp. will post $0.92 EPS for the current year.
Medallion Financial Corp. is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Company operates in lending and investing operations segment.
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