Freeport-McMoRan stock tumbles after Trump imposes copper tariffs
In a challenging market environment, Manhattan Bridge Capital Inc. (NASDAQ:LOAN) stock has touched a 52-week low, dipping to $4.86, marking a sharp 12.1% decline over the past week. According to InvestingPro analysis, the stock's RSI indicates oversold territory, potentially signaling a technical bottom. The company, known for its short-term secured, non–banking loans to real estate investors, has faced headwinds that have pushed its shares to the lowest price level seen in the last year. The stock offers an attractive 9% dividend yield and has maintained dividend payments for 13 consecutive years. Despite the recent downturn, InvestingPro data shows the company maintains strong financial health with a robust current ratio of 31.09, indicating excellent liquidity. The recent price action marks a significant point of interest for investors who track the performance of financial sector stocks and seek potential entry points for undervalued assets. The current market valuation reflects investor sentiment and broader economic factors influencing the niche market in which Manhattan Bridge operates. With a P/E ratio of 10.5 and a market capitalization of $56.2 million, the stock trades near its Fair Value according to InvestingPro analysis, which offers 8 additional key insights about the company's prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.