Oconee Federal Financial (NASDAQ:OFED) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Oconee Federal Financial Corp. (NASDAQ:OFEDGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.68 and traded as low as $15.20. Oconee Federal Financial shares last traded at $15.30, with a volume of 504 shares.

Oconee Federal Financial Price Performance

The company has a market cap of $89.06 million, a price-to-earnings ratio of 11.86 and a beta of -0.13. The stock has a 50-day moving average price of $15.68 and a 200 day moving average price of $14.75.

Oconee Federal Financial Company Profile

(Get Free Report)

Oconee Federal Financial, Inc is the bank holding company for Oconee Federal Bank, a community‐focused financial institution headquartered in Seneca, South Carolina. Established to support local families and businesses, the company has its roots in serving the upstate South Carolina market with a broad spectrum of banking services. As a publicly traded entity on the NASDAQ under the ticker OFED, Oconee Federal Financial facilitates strategic growth and oversight for its banking subsidiary.

The company’s primary business activities include commercial lending, residential real estate financing, consumer loans and a full array of deposit products.

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