Marblegate Capital Corporation (MGTE) Stock

About Marblegate Capital Corporation

Marblegate Capital Corporation, identified by the symbol MGTE, concentrates its business activities on the intricate market of New York City (NYC) taxi medallions. The company's operations encompass the acquisition, reorganization, and direct holding of loans specifically secured by these valuable NYC taxi medallions. Additionally, Marblegate Capital actively participates in the sector by leasing out these medallions through its own managed fleet of taxicabs. Essentially, the firm is a dedicated expert in the NYC taxi medallion industry, serving multiple roles as a financier, an asset proprietor, and a fleet management entity. Its principal office is located in Greenwich, Connecticut.

Marblegate Capital Corporation is headquartered in US.

Marblegate Capital Corporation (MGTE) stock trades at $1.05 with a market capitalization of $77.61M. The stock is valued at a negative price-to-earnings (P/E) ratio of -1.62, reflecting a net loss over the last twelve months, price-to-book of 0.16, price-to-sales of 1.34. Over the past 52 weeks the stock has ranged between $1.05 and $2.41, and currently trades 56.4% below its 52-week high.

On profitability, Marblegate Capital Corporation generates a return on equity (ROE) of -7.91% (negative, reflecting a net loss), return on capital employed of -0.24%, an operating margin of -2.88%, a net profit margin of -66.49%.

Official website: marblegatecapitalcorp.com