Manhattan Bridge Capital Inc. (LOAN) stock about to get hot on Tuesday?
Manhattan Bridge Capital Inc. (READY) has risen 10.82% over the past week and gets a bullish rating of Investors Observers Sentiment indicator.
What is Stock Sentiment?
Sentiment is a very short term indicator that is entirely technical. There is no information on the health of the underlying company’s profitability in our sentiment score.
As a technical indicator, information about the stock or company, such as a earnings release or other event, could cause the stock counter to go up to recent trend.
Price changes are usually the best indicator of sentiment for a particular stock. Basically, a stock’s trend indicates whether the current market sentiment is bullish or bearish. Investors should be bullish if a stock is trending up and bearish if a stock is going down.
Investors Observer‘s Sentiment Indicator takes into account both price changes and volume changes. An increase in volume usually means that a current trend is strengthening, while a drop in volume tends to signal a reversal of the current trend.
Our system also uses the options market to receive additional signals on current sentiment. We take into account the ratio of calls and put on a stock since options allow an investor to bet on future price movements.
What is going on with Loan Stock today?
Manhattan Bridge Capital Inc. (LOAN) stock is trading at $ 6.45 at 1:59 p.m. on Tuesday, April 6, a gain of $ 0.09, or 1.42% from the previous closing price of 6.36. $. The volume today is more active than usual. So far 56,969 shares have been traded against an average volume of 27,354 shares. The stock has traded between $ 6.37 and $ 6.47 so far today.
Learn more about Manhattan Bridge Capital Inc.
Manhattan Bridge Capital Inc operates as a real estate investment trust specializing in the creation, service and management of a portfolio of senior mortgages. It offers short-term, secured and non-bank loans to real estate investors to finance their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. The primary business objective of the Company is to grow its loan portfolio while protecting and preserving capital so as to provide its shareholders with attractive long-term risk-adjusted returns through dividends. The business generates income in the form of interest income on loans.