American Business Bank (OTCMKTS:AMBZ) Stock Price Passes Below 50-Day Moving Average of $36.53

American Business Bank (OTCMKTS:AMBZ) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $36.53 and traded as low as $32.50. American Business Bank shares last traded at $33.50, with a volume of 700 shares changing hands.

American Business Bank Price Performance

The firm has a market capitalization of $304.18 million, a price-to-earnings ratio of 7.04 and a beta of 0.68. The business’s 50-day moving average price is $36.53 and its 200 day moving average price is $34.19.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter. The firm had revenue of $32.88 million for the quarter.

About American Business Bank

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.