Citizens (NASDAQ:CIZN) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Citizens Holding (NASDAQ:CIZN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.96 and traded as low as $8.55. Citizens shares last traded at $8.55, with a volume of 1,937 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Citizens in a research report on Tuesday, May 20th. They set a “sell” rating for the company.

Citizens Stock Up 0.5%

The stock has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $8.96. The company has a market cap of $48.34 million, a price-to-earnings ratio of 8.72 and a beta of -0.05.

Citizens Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.94%. Citizens’s dividend payout ratio is presently 10.00%.

Citizens Company Profile

Citizens Holding Company operates as the bank holding company for The Citizens Bank of Philadelphia that provides various commercial and personal banking products and services. It offers demand deposits; and savings and time deposit accounts. The company also provides secured and unsecured loans; mortgage loans; single and multi-family housing, farm, residential and commercial construction, and commercial real estate loans; commercial, industrial, and agricultural production loans; and consumer loans, as well as issues letters of credit.