Old Market Capital (NASDAQ:OMCC) Trading Down 1% – Should You Sell?

Old Market Capital Corporation (NASDAQ:OMCC) shares dropped 1% on Friday . The company traded as low as $4.94 and last traded at $4.94. Approximately 700 shares were traded during trading, a decline of 98% from the average daily volume of 28,314 shares. The stock had previously closed at $4.99.

Old Market Capital Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.31 and a current ratio of 4.55. The business’s fifty day simple moving average is $4.09 and its 200 day simple moving average is $4.91. The stock has a market cap of $33.54 million, a price-to-earnings ratio of -15.44 and a beta of 1.02.

Institutional Investors Weigh In On Old Market Capital

An institutional investor recently raised its position in Old Market Capital stock. Sandia Investment Management LP raised its holdings in Old Market Capital Corporation (NASDAQ:OMCC) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,491 shares of the company’s stock after purchasing an additional 4,649 shares during the period. Sandia Investment Management LP owned about 0.60% of Old Market Capital worth $210,000 as of its most recent SEC filing. Institutional investors and hedge funds own 39.87% of the company’s stock.

About Old Market Capital

Old Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio. The company was formerly known as Nicholas Financial, Inc and changed its name to Old Market Capital Corporation in September 2024. Old Market Capital Corporation was founded in 1985 and is headquartered in Clearwater, Florida.