Medallion Financial Corp. (MFIN) Stock Price Down 1.4%
Medallion Financial Corp. (NASDAQ:MFIN)’s share price fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $7.49 and last traded at $7.65, with a volume of 94,567 shares trading hands. The stock had previously closed at $7.76.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $8.00 target price (down previously from $9.75) on shares of Medallion Financial Corp. in a research note on Monday.
The firm has a market cap of $191.49 million and a PE ratio of 6.65. The firm has a 50-day moving average of $7.44 and a 200 day moving average of $7.69.
Medallion Financial Corp. (NASDAQ:MFIN) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm earned $6.85 million during the quarter, compared to the consensus estimate of $8.64 million. On average, equities analysts expect that Medallion Financial Corp. will post $0.92 earnings per share for the current fiscal 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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