Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Price Passes Below 200-Day Moving Average of $0.00

Shares of Southern Michigan Bancorp (OTCMKTS:SOMC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $37.11. Southern Michigan Bancorp shares last traded at $37.11, with a volume of 1,165 shares trading hands.

The stock has a market cap of $86.10 million, a price-to-earnings ratio of 10.46 and a beta of 0.30. The company’s 50 day simple moving average is $36.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.94.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.83 earnings per share for the quarter. The business had revenue of $8.06 million during the quarter. Southern Michigan Bancorp had a net margin of 22.08% and a return on equity of 11.06%.

About Southern Michigan Bancorp (OTCMKTS:SOMC)

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southern Michigan communities. Its deposit products include interest and non-interest checking, passbook savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit.

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