American Business Bank (OTCMKTS:AMBZ) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of American Business Bank (OTCMKTS:AMBZGet Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $43.17 and traded as low as $42.61. American Business Bank shares last traded at $43.50, with a volume of 4,865 shares trading hands.

American Business Bank Stock Down 0.1 %

The company has a market capitalization of $395.94 million, a price-to-earnings ratio of 9.58 and a beta of 0.72. The stock has a fifty day moving average price of $43.17 and a two-hundred day moving average price of $38.08.

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

About American Business Bank

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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.

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