Could Firm Capital Mortgage Investment Corp Decline After Today’s Huge Increase?


The stock of Firm Capital Mortgage Investment Corp (TSE:FC) is a huge mover today! About 18,354 shares traded hands. Firm Capital Mortgage Investment Corp (TSE:FC) has risen 6.15% since February 5, 2016 and is uptrending. It has underperformed by 10.34% the S&P500.
The move comes after 6 months positive chart setup for the $305.99 million company. It was reported on Sep, 13 by We have $28.55 PT which if reached, will make TSE:FC worth $333.53M more.

Firm Capital Mortgage Investment Corporation is a Canada mortgage investment company. The company has a market cap of $305.99 million. The Firm is a non-bank lender that finances a range of properties, which include residential houses, small multi-family residential properties consisting of approximately six units, residential apartment buildings, mixed-use residential apartments and store-front properties, investment properties, land and development sites, and development and construction projects. It has a 12.92 P/E ratio. It also invests in all forms of short-term bridge financing for residential and commercial real estate for owners and developers.

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