Bimini Capital Management (OTCMKTS:BMNM) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Bimini Capital Management Inc. (OTCMKTS:BMNM) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $2.89 and traded as high as $2.92. Bimini Capital Management shares last traded at $2.8950, with a volume of 1,922 shares trading hands.

Bimini Capital Management Price Performance

The company has a market cap of $29.10 million, a P/E ratio of 5.17 and a beta of 0.16. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average is $3.06 and its 200 day moving average is $2.89.

Bimini Capital Management (OTCMKTS:BMNM) last announced its earnings results on Thursday, November 5th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Bimini Capital Management had a return on equity of 41.04% and a net margin of 24.12%.

Bimini Capital Management Company Profile

Bimini Capital Management, Inc. is a financial services company focused on the residential mortgage market. Through its subsidiaries, the company invests in residential mortgage-backed securities, primarily agency securities issued or guaranteed by government-sponsored entities such as Fannie Mae and Freddie Mac. Bimini also provides investment management and corporate services to affiliated entities, including Orchid Island Capital, Inc., a mortgage real estate investment trust. Its activities are centered on the U.S. residential mortgage market, with investment and management operations related to agency mortgage securities.