Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Glen Burnie Bancorp (NASDAQ:GLBZ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.12 and traded as high as $5.95. Glen Burnie Bancorp shares last traded at $5.85, with a volume of 1,776 shares trading hands.

Glen Burnie Bancorp Price Performance

The stock has a 50 day simple moving average of $5.77 and a 200-day simple moving average of $5.12. The firm has a market cap of $16.97 million, a PE ratio of 195.07 and a beta of 0.62.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a return on equity of 0.50% and a net margin of 0.60%. The firm had revenue of $3.18 million during the quarter.

About Glen Burnie Bancorp

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.