Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.52 and traded as high as $4.80. Glen Burnie Bancorp shares last traded at $4.80, with a volume of 129 shares traded.

Glen Burnie Bancorp Price Performance

The stock has a market capitalization of $14.02 million, a P/E ratio of 480.48 and a beta of 0.18. The stock has a fifty day moving average price of $4.61 and a 200 day moving average price of $4.52.

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 stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned approximately 0.40% of Glen Burnie Bancorp at the end of the most recent quarter. 9.78% of the stock is currently owned by institutional investors and hedge funds.

About Glen Burnie Bancorp

Glen Burnie Bancorp, Inc is a bank holding company headquartered in Glen Burnie, Maryland. Established in 2003, the company conducts its banking operations through its wholly owned subsidiary, South River Bank, offering community banking services to individuals and businesses throughout the Baltimore–Washington metropolitan area.

South River Bank provides a comprehensive range of financial products and services, including checking and savings accounts, certificates of deposit, money market accounts, and consumer lending solutions such as residential mortgages and home equity lines of credit.