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

Glen Burnie Bancorp (NASDAQ:GLBZ) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.42 and traded as high as $5.60. Glen Burnie Bancorp shares last traded at $5.59, with a volume of 2,330 shares changing hands.

Glen Burnie Bancorp Price Performance

The business’s 50-day simple moving average is $5.85 and its two-hundred day simple moving average is $5.42. The stock has a market capitalization of $16.21 million, a price-to-earnings ratio of 186.40 and a beta of 0.61.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share for the quarter. Glen Burnie Bancorp had a net margin of 0.60% and a return on equity of 0.50%. The firm had revenue of $3.18 million during the quarter.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. JPMorgan Chase & Co. bought a new position in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned about 0.17% of Glen Burnie Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 9.78% of the stock is owned by institutional investors and hedge funds.

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.