Oconee Federal Financial (NASDAQ:OFED) Stock Price Breaks Below Fifty Day Moving Average – Should You Sell?

Oconee Federal Financial Corp. (NASDAQ:OFED) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $20.39 and traded as low as $19.7644. Oconee Federal Financial shares last traded at $19.7732, with a volume of 600 shares changing hands.

Oconee Federal Financial Stock Performance

The company’s 50 day moving average price is $20.36 and its 200 day moving average price is $19.08. The company has a market cap of $112.92 million, a price-to-earnings ratio of 15.33 and a beta of -0.01.

Oconee Federal Financial Company Profile

Oconee Federal Financial Corp. (NASDAQ: OFED) is the holding company for Oconee Federal Savings and Loan Association, a community-oriented savings institution headquartered in Seneca, South Carolina. The association traces its history to 1913 and serves customers in South Carolina’s Upstate region and surrounding communities.

Oconee Federal Savings and Loan Association primarily provides residential mortgage lending, including loans for home purchases and refinancing. Its lending activities also include commercial real estate, construction, consumer and other loans designed to meet the borrowing needs of individuals, families and local businesses.

The institution funds these activities through traditional deposit products, including checking and savings accounts, money market accounts and certificates of deposit.