Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.46 and traded as high as $4.58. Glen Burnie Bancorp shares last traded at $4.58, with a volume of 2,610 shares traded.

Wall Street Analyst Weigh In

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

Glen Burnie Bancorp Price Performance

The business has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $4.46. The stock has a market capitalization of $13.29 million, a price-to-earnings ratio of 458.46 and a beta of 0.20.

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

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. bought a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.78% of the company’s stock.

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.