Medallion Financial Corp. (MFIN) Sees Large Volume Increase
Medallion Financial Corp. (NASDAQ:MFIN) shares saw unusually-high trading volume on Monday . Approximately 112,875 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 87,635 shares.The stock last traded at $8.01 and had previously closed at $8.09.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.00 target price (down from $9.75) on shares of Medallion Financial Corp. in a research report on Monday, July 11th.
The company’s 50-day moving average is $7.59 and its 200 day moving average is $7.79. The stock has a market capitalization of $196.33 million and a P/E ratio of 6.82.
Medallion Financial Corp. (NASDAQ:MFIN) last announced its earnings results on Tuesday, May 10th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm earned $6.85 million during the quarter, compared to analysts’ expectations of $8.64 million. On average, equities analysts predict 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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