Glen Burnie Bancorp (NASDAQ:GLBZ) Shares Cross Below 200-Day Moving Average – Should You Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.42 and traded as low as $4.40. Glen Burnie Bancorp shares last traded at $4.4620, with a volume of 33,535 shares changing hands.

Glen Burnie Bancorp Stock Performance

The company has a market capitalization of $13.03 million, a price-to-earnings ratio of 446.65 and a beta of 0.20. The firm has a 50-day simple moving average of $4.40 and a two-hundred day simple moving average of $4.42.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. purchased a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned 0.40% of Glen Burnie Bancorp as of its most recent SEC filing. Institutional investors own 9.78% of the company’s stock.

Glen Burnie Bancorp Company Profile

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.