Bimini Capital Management (OTCMKTS:BMNM) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Bimini Capital Management Inc. (OTCMKTS:BMNM) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Performance

The company has a debt-to-equity ratio of 2.04, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.86. The company has a market cap of $21.86 million, a price-to-earnings ratio of 3.62 and a beta of 0.16.

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

Bimini Capital Management Company Profile

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.