Bimini Capital Management (OTCMKTS:BMNM) Stock Price Crosses Below 200 Day Moving Average of $0.86

Shares of Bimini Capital Management, Inc. (OTCMKTS:BMNMGet Free Report) 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 Price Performance

The firm’s 50 day moving average is $0.82 and its 200-day moving average is $0.86. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 3.37.

Bimini Capital Management (OTCMKTS:BMNMGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The financial services provider reported ($0.48) earnings per share for the quarter. The company had revenue of $2.84 million during the quarter. Bimini Capital Management had a negative return on equity of 41.49% and a negative net margin of 39.58%.

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.

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