Firm Capital Mortgage Investment (OTCMKTS:FCMGF) Stock Price Down 5.1% – Here’s What Happened

Firm Capital Mortgage Investment Co. (OTCMKTS:FCMGF) was down 5.1% on Monday. The stock traded as low as $7.75 and last traded at $7.79. 4,108 shares traded hands during trading, a decline of 28% from the average daily volume of 5,700 shares. The stock had previously closed at $8.21.

Wall Street Analyst Weigh In

Separately, National Bank Financial began coverage on shares of Firm Capital Mortgage Investment in a research report on Monday, June 29th. They set a “sector perform” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Firm Capital Mortgage Investment currently has an average rating of “Hold”.

Firm Capital Mortgage Investment Price Performance

The firm has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $8.56.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corporation is a Canadian mortgage investment corporation that provides financing secured by real estate. The company focuses on non-bank lending and invests in mortgage loans backed by residential, commercial, industrial, and multi-residential properties.

Its principal activities include originating and managing conventional first and second mortgages, bridge loans, construction financing, and other short- to medium-term real estate loans. Firm Capital generally serves borrowers and property owners who require customized financing solutions that may not be available through traditional financial institutions.

Founded in 1988, the company operates primarily in Canada, with a focus on major urban markets and established real estate centres.