Medallion Financial Corp. (MFIN) Trading Down 1.4%
Medallion Financial Corp. (NASDAQ:MFIN) shares were down 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 traded. The stock had previously closed at $7.76.
Separately, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.00 price target (down previously from $9.75) on shares of Medallion Financial Corp. in a research note on Monday.
The stock has a 50-day moving average of $7.44 and a 200-day moving average of $7.69. The firm has a market capitalization of $187.62 million and a P/E ratio of 6.51.
Medallion Financial Corp. (NASDAQ:MFIN) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $6.85 million for the quarter, compared to analysts’ expectations of $8.64 million. Equities analysts expect 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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