American Business Bank (OTCMKTS:AMBZ) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Shares of American Business Bank (OTCMKTS:AMBZ) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $43.74 and traded as low as $43.00. American Business Bank shares last traded at $43.61, with a volume of 19,577 shares traded.

American Business Bank Trading Down 1.3 %

The firm has a market capitalization of $396.85 million, a price-to-earnings ratio of 9.61 and a beta of 0.72. The stock’s 50-day moving average is $43.74 and its 200-day moving average is $39.19.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter. The company had revenue of $33.28 million for the quarter.

About American Business Bank

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.