Medallion Financial Corp. (NASDAQ:MFIN)’s share price dropped 2.3% during trading on Thursday . The stock traded as low as $7.91 and last traded at $7.91, with a volume of 68,577 shares changing hands. The stock had previously closed at $8.10.

Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $8.00 price target (down from $9.75) on shares of Medallion Financial Corp. in a report on Monday, July 11th.

The firm has a market capitalization of $192.46 million and a PE ratio of 6.68. The stock has a 50 day moving average price of $7.49 and a 200 day moving average price of $7.73.

Medallion Financial Corp. (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business earned $6.85 million during the quarter, compared to the consensus estimate of $8.64 million. On average, equities analysts anticipate 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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