Firm Capital Mortgage Investment (TSE:FC – Get Free Report) announced its quarterly earnings data on Thursday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$14.18 million during the quarter. Firm Capital Mortgage Investment had a net margin of 57.32% and a return on equity of 8.24%.
Firm Capital Mortgage Investment Trading Up 0.7%
FC stock traded up C$0.07 during midday trading on Friday, reaching C$10.65. The company’s stock had a trading volume of 123,022 shares, compared to its average volume of 64,677. Firm Capital Mortgage Investment has a 1 year low of C$10.28 and a 1 year high of C$12.46. The firm has a market capitalization of C$391.28 million, a price-to-earnings ratio of 11.21 and a beta of 0.53. The stock has a fifty day simple moving average of C$11.13 and a two-hundred day simple moving average of C$11.80. The company has a debt-to-equity ratio of 34.45, a quick ratio of 17.11 and a current ratio of 0.14.
Wall Street Analyst Weigh In
FC has been the topic of a number of analyst reports. National Bank Financial lowered their target price on shares of Firm Capital Mortgage Investment from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 28th. TD decreased their price objective on Firm Capital Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating on the stock in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.75.
Check Out Our Latest Report on FC
Firm Capital Mortgage Investment Company Profile
Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors.
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