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Shares of Medallion Financial Corp. (NASDAQ:TAXI) hit a new 52-week low during trading on Friday , Stock Ratings News reports. The stock traded as low as $12.66 and last traded at $12.72, with a volume of 245,354 shares trading hands. The stock had previously closed at $12.96.

A number of research firms have recently commented on TAXI. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Medallion Financial Corp. from $15.50 to $15.00 in a research note on Thursday, May 22nd. They now have a “market perform” rating on the stock. Separately, analysts at Zacks downgraded shares of Medallion Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th.

The stock’s 50-day moving average is $13.50 and its 200-day moving average is $14.03. The company has a market cap of $316.3 million and a P/E ratio of 11.48.

Medallion Financial Corp. (NASDAQ:TAXI) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Analysts expect that Medallion Financial Corp. will post $1.12 EPS for the current fiscal year.

Medallion Financial Corp. is a specialty finance company that is engaged in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses.

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