Mill City Ventures III (NASDAQ:MCVT) Stock Price Down 1.3% – Here’s Why

Mill City Ventures III, Ltd. (NASDAQ:MCVT)’s stock price dropped 1.3% during mid-day trading on Friday . The stock traded as low as $5.90 and last traded at $6.35. Approximately 606,538 shares were traded during trading, a decline of 48% from the average daily volume of 1,155,878 shares. The stock had previously closed at $6.43.

Mill City Ventures III Trading Down 1.3%

The firm’s fifty day moving average price is $4.52 and its 200-day moving average price is $2.70. The company has a market cap of $520.99 million, a P/E ratio of 26.44 and a beta of 1.03.

Mill City Ventures III (NASDAQ:MCVT) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.10 EPS for the quarter. Mill City Ventures III had a net margin of 45.43% and a return on equity of 7.01%. The business had revenue of $0.95 million for the quarter.

About Mill City Ventures III

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.