Bimini Capital Management (OTCMKTS:BMNM) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Bimini Capital Management Inc. (OTCMKTS:BMNM)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.86 and traded as low as $2.1730. Bimini Capital Management shares last traded at $2.1730, with a volume of 1,044 shares traded.

Bimini Capital Management Stock Down 3.5%

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.04. The stock’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $2.86. The firm has a market capitalization of $21.87 million, a P/E ratio of 3.62 and a beta of 0.16.

Bimini Capital Management (OTCMKTS:BMNM) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.08 EPS for the quarter. Bimini Capital Management had a net margin of 32.69% and a return on equity of 56.67%.

About Bimini Capital Management

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.