Malaga Financial (OTCMKTS:MLGF) Trading at $22.00

Malaga Financial Corp. (OTCMKTS:MLGF)’s stock price was down 0% during mid-day trading on Thursday. The stock traded as low as $22.00 and last traded at $22.00. 22,100 shares traded hands during mid-day trading, an increase of 885% from the average session volume of 2,244 shares. The stock had previously closed at $22.01.

Malaga Financial Stock Performance

The business has a 50 day simple moving average of $22.28 and a 200-day simple moving average of $21.89. The firm has a market capitalization of $217.80 million, a price-to-earnings ratio of 9.72 and a beta of 0.08.

Malaga Financial (OTCMKTS:MLGF) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.58 earnings per share for the quarter.

Malaga Financial Company Profile

Malaga Financial Corporation was a financial services holding company based in Palos Verdes Estates, California. The company operated through Malaga Bank, a federally chartered savings bank serving individuals, families and businesses in Southern California.

Malaga Bank’s services historically included deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities included residential mortgage loans, home equity financing, commercial real estate loans and other loans for consumers and businesses.

Malaga Financial focused primarily on communities in the South Bay and surrounding areas of Los Angeles County.