OptimumBank (NASDAQ:OPHC) Stock Crosses Below 50 Day Moving Average of $3.11

OptimumBank Holdings, Inc. (NASDAQ:OPHC) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.11 and traded as low as $2.82. OptimumBank shares last traded at $3.05, with a volume of 2,800 shares changing hands.

Separately, ValuEngine raised OptimumBank from a “hold” rating to a “buy” rating in a report on Friday, August 16th.

The company has a fifty day simple moving average of $3.11 and a 200-day simple moving average of $3.32. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.08 and a quick ratio of 1.08.

An institutional investor recently bought a new position in OptimumBank stock. Citadel Advisors LLC purchased a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,324 shares of the bank’s stock, valued at approximately $47,000. Citadel Advisors LLC owned approximately 0.69% of OptimumBank as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.75% of the company’s stock.

OptimumBank Company Profile (NASDAQ:OPHC)

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides a range of consumer and commercial banking services to individuals and businesses. The company accepts demand interest-bearing and noninterest-bearing, savings, money market, NOW, and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, commercial, and consumer loans, as well as lending lines for working capital needs.

Further Reading: Convertible Shares

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