Bimini Capital Management (OTCMKTS:BMNM) Stock Passes Above 50-Day Moving Average – Time to Sell?

Bimini Capital Management Inc. (OTCMKTS:BMNM)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.80 and traded as high as $3.0680. Bimini Capital Management shares last traded at $2.90, with a volume of 751 shares changing hands.

Bimini Capital Management Stock Performance

The stock has a fifty day moving average of $1.83 and a 200-day moving average of $1.37. The firm has a market capitalization of $29.80 million, a P/E ratio of 32.89 and a beta of 0.14. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.96.

Bimini Capital Management (OTCMKTS:BMNM) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.18 earnings per share for the quarter. Bimini Capital Management had a return on equity of 11.89% and a net margin of 5.98%.

About Bimini Capital Management

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.