Bimini Capital Management (OTCMKTS:BMNM) Shares Pass Below 200 Day Moving Average of $0.86

Bimini Capital Management, Inc. (OTCMKTS:BMNM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.86 and traded as low as $0.65. Bimini Capital Management shares last traded at $0.65, with a volume of 3,527 shares changing hands.

Bimini Capital Management Stock Performance

The company has a debt-to-equity ratio of 3.37, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $6.55 million, a P/E ratio of -1.67 and a beta of 0.88. The firm’s fifty day moving average price is $0.82 and its two-hundred day moving average price is $0.86.

Bimini Capital Management (OTCMKTS:BMNM) last announced its earnings results on Thursday, March 7th. The financial services provider reported ($0.48) earnings per share for the quarter. Bimini Capital Management had a negative return on equity of 33.43% and a negative net margin of 31.83%. The business had revenue of $2.84 million during the quarter.

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.