OptimumBank (NASDAQ:OPHC) Stock Price Passes Below 200 Day Moving Average of $3.80

OptimumBank Holdings, Inc. (NASDAQ:OPHC – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.80 and traded as low as $2.80. OptimumBank shares last traded at $2.90, with a volume of 4,763 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of OptimumBank in a research report on Wednesday. They issued a “hold” rating on the stock.

OptimumBank Stock Up 1.8 %

The stock’s fifty day moving average is $3.16 and its two-hundred day moving average is $3.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm has a market cap of $21.03 million, a P/E ratio of 4.33 and a beta of 0.50.

OptimumBank (NASDAQ:OPHC – Get Rating) last released its quarterly earnings results on Monday, March 6th. The bank reported $0.24 EPS for the quarter. OptimumBank had a net margin of 16.02% and a return on equity of 7.62%. The business had revenue of $5.41 million during the quarter.

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Susquehanna International Group LLP purchased a new position in OptimumBank Holdings, Inc. (NASDAQ:OPHC – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,508 shares of the bank’s stock, valued at approximately $55,000. Susquehanna International Group LLP owned approximately 0.20% of OptimumBank at the end of the most recent reporting period. 4.20% of the stock is currently owned by institutional investors.

About OptimumBank

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OptimumBank Holdings, Inc is a bank holding company for OptimumBank, which offers a variety of community banking services to individual and corporate customers through OptimumBank. Its services include savings, deposits, checking, cash management services, business checking, online banking, and ATM networks.