Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Passes Below 200 Day Moving Average – Should You Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.61 and traded as low as $4.31. Glen Burnie Bancorp shares last traded at $4.31, with a volume of 29,301 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Glen Burnie Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Glen Burnie Bancorp currently has an average rating of “Sell”.

Glen Burnie Bancorp Trading Up 5.1%

The firm has a market capitalization of $12.59 million, a PE ratio of 431.43 and a beta of 0.21. The business’s 50 day simple moving average is $4.52 and its two-hundred day simple moving average is $4.61.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 million for the quarter. Glen Burnie Bancorp had a return on equity of 0.14% and a net margin of 0.16%.

Institutional Investors Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Raymond James Financial Inc. acquired a new position in Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned about 0.40% of Glen Burnie Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 9.78% of the company’s stock.

About Glen Burnie Bancorp

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.