Medallion Financial Corp. (MFIN) Trading Down 2.3%
Medallion Financial Corp. (NASDAQ:MFIN)’s share price was down 2.3% during mid-day trading on Thursday . The stock traded as low as $7.91 and last traded at $7.91, with a volume of 68,577 shares trading hands. The stock had previously closed at $8.10.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.00 price target (down previously from $9.75) on shares of Medallion Financial Corp. in a research note on Monday, July 11th.
The firm has a 50-day moving average price of $7.47 and a 200 day moving average price of $7.72. The stock has a market capitalization of $193.67 million and a price-to-earnings ratio of 6.72.
Medallion Financial Corp. (NASDAQ:MFIN) last posted its earnings results on Tuesday, May 10th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $6.85 million for the quarter, compared to the consensus estimate of $8.64 million. On average, analysts expect that Medallion Financial Corp. will post $0.92 EPS 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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