What’s Propelling Medallion Financial Corp. (MFIN) to Increase So Much?

February 15, 2018 - By Max Morgan

The stock of Medallion Financial Corp. (NASDAQ:MFIN) is a huge mover today! The stock increased 9.15% or $0.39 during the last trading session, reaching $4.65. About 190,897 shares traded. Medallion Financial Corp. (NASDAQ:MFIN) has declined 63.76% since February 15, 2017 and is downtrending. It has underperformed by 80.46% the S&P500.
The move comes after 6 months positive chart setup for the $113.20M company. It was reported on Feb, 15 by Barchart.com. We have $4.98 PT which if reached, will make NASDAQ:MFIN worth $7.92M more.

More notable recent Medallion Financial Corp. (NASDAQ:MFIN) news were published by: Forbes.com which released: “Medallion Financial Becomes House Of Cards As Ride-Hailing Apps Hammer Yellow …” on January 03, 2017, also Nasdaq.com with their article: “Medallion Financial Corp (MFIN) Chairman & CEO Alvin Murstein Bought $657.9 …” published on May 25, 2017, Businesswire.com published: “Medallion Financial Corp. Provides Long-Term Strategic Update” on January 31, 2017. More interesting news about Medallion Financial Corp. (NASDAQ:MFIN) were released by: Businesswire.com and their article: “Medallion Financial Corp. to Report Third Quarter 2017 Results on Tuesday …” published on November 06, 2017 as well as Seekingalpha.com‘s news article titled: “Medallion Financial: Doomsday On The Way According To The Option Market” with publication date: February 03, 2017.

Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance firm in the United States. The company has market cap of $113.20 million. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. It has a 28.88 P/E ratio. The firm offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

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