Mill City Ventures III (NASDAQ:MCVT) Shares Down 1.3% – Should You Sell?

Mill City Ventures III, Ltd. (NASDAQ:MCVT) dropped 1.3% during trading on Friday . The company traded as low as $5.90 and last traded at $6.35. Approximately 606,538 shares changed hands during mid-day 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 Price Performance

The company has a market capitalization of $520.99 million, a price-to-earnings ratio of 26.44 and a beta of 1.03. The business’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $2.70.

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

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.