Medallion Financial Corp. (TAXI) Posts Quarterly Results
Medallion Financial Corp. (NASDAQ:TAXI) announced its earnings results on Monday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, Analyst Ratings News reports.
On the ratings front, 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.
Medallion Financial Corp. (NASDAQ:TAXI) opened at 11.16 on Monday. Medallion Financial Corp. has a 52 week low of $11.01 and a 52 week high of $17.85. The stock has a 50-day moving average of $11.7 and a 200-day moving average of $13.15. The company has a market cap of $277.5 million and a P/E ratio of 9.88.
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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