Bimini Capital Management (OTCMKTS:BMNM) Stock Passes Above Fifty Day Moving Average – What’s Next?

Bimini Capital Management Inc. (OTCMKTS:BMNMGet Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.11 and traded as high as $3.50. Bimini Capital Management shares last traded at $3.50, with a volume of 723 shares changing hands.

Bimini Capital Management Stock Up 3.1%

The stock has a market cap of $34.74 million, a price-to-earnings ratio of 38.33 and a beta of 0.05. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.96. The firm’s 50 day moving average is $3.16 and its two-hundred day moving average is $2.06.

About Bimini Capital Management

(Get Free Report)

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.

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