OptimumBank (NASDAQ:OPHC) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.68 and traded as low as $4.56. OptimumBank shares last traded at $4.56, with a volume of 22,334 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on OptimumBank in a report on Sunday, January 5th. They issued a “hold” rating for the company.

OptimumBank Trading Down 0.7 %

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $4.79 and a two-hundred day moving average of $4.68. The stock has a market capitalization of $46.01 million, a price-to-earnings ratio of 3.49 and a beta of 0.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after acquiring an additional 8,960 shares in the last quarter. Renaissance Technologies LLC raised its position in OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares in the last quarter. Fourthstone LLC purchased a new position in OptimumBank in the third quarter worth $323,000. Finally, Geode Capital Management LLC raised its position in OptimumBank by 59.0% in the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after acquiring an additional 30,202 shares in the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.

About OptimumBank

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.