Malaga Financial (OTCMKTS:MLGF) Stock Passes Below 50 Day Moving Average – Time to Sell?

Malaga Financial Corp. (OTCMKTS:MLGFGet Free Report)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.85 and traded as low as $21.65. Malaga Financial shares last traded at $21.70, with a volume of 3,700 shares traded.

Malaga Financial Stock Performance

The stock has a market cap of $214.83 million, a P/E ratio of 9.59 and a beta of 0.08. The firm’s 50 day moving average is $21.85 and its 200 day moving average is $21.72.

Malaga Financial (OTCMKTS:MLGFGet Free Report) last posted its earnings results on Friday, July 10th. The company reported $0.58 EPS for the quarter.

About Malaga Financial

(Get Free Report)

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits. The company also provides commercial real estate, single and multi-family residential mortgage, consumer, 14-unit investment property, construction, personal, and business loans; home equity lines of credit; and certificates of deposit.

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