Oconee Federal Financial (NASDAQ:OFED) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Oconee Federal Financial Corp. (NASDAQ:OFED) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.43 and traded as low as $12.20. Oconee Federal Financial shares last traded at $12.80, with a volume of 2,000 shares trading hands.

Oconee Federal Financial Stock Performance

The stock has a market capitalization of $74.73 million, a P/E ratio of 9.92 and a beta of 0.06. The firm’s 50-day simple moving average is $12.43 and its 200 day simple moving average is $13.03.

Oconee Federal Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.10 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 3.13%. Oconee Federal Financial’s dividend payout ratio is 31.01%.

Oconee Federal Financial Company Profile

Oconee Federal Financial Corp. operates as a holding company for Oconee Federal Savings and Loan Association that provides various banking products and services in the Oconee and Pickens County areas of northwestern South Carolina, and the northeast area of Georgia in Stephens County and Rabun County.