Malaga Financial (OTCMKTS:MLGF) Shares Down 1.4% – Should You Sell?

Malaga Financial Corp. (OTCMKTS:MLGF) shares dropped 1.4% during trading on Thursday . The stock traded as low as $21.68 and last traded at $21.70. Approximately 210 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 3,205 shares. The stock had previously closed at $22.00.

Malaga Financial Price Performance

The stock’s 50 day simple moving average is $21.60 and its two-hundred day simple moving average is $21.79. The firm has a market cap of $214.83 million, a P/E ratio of 9.67 and a beta of 0.08.

Malaga Financial (OTCMKTS:MLGF) last announced its earnings results on Thursday, April 16th. The company reported $0.61 earnings per share for the quarter.

Malaga Financial Company Profile

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.