Oconee Federal Financial (NASDAQ:OFED) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Oconee Federal Financial Corp. (NASDAQ:OFED)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.58 and traded as high as $18.34. Oconee Federal Financial shares last traded at $18.34, with a volume of 100 shares changing hands.

Oconee Federal Financial Trading Up 5.4%

The stock has a market cap of $106.74 million, a P/E ratio of 14.22 and a beta of -0.11. The firm’s fifty day moving average is $15.58 and its 200 day moving average is $15.59.

About Oconee Federal Financial

Oconee Federal Financial, Inc is the bank holding company for Oconee Federal Bank, a community?focused financial institution headquartered in Seneca, South Carolina. Established to support local families and businesses, the company has its roots in serving the upstate South Carolina market with a broad spectrum of banking services. As a publicly traded entity on the NASDAQ under the ticker OFED, Oconee Federal Financial facilitates strategic growth and oversight for its banking subsidiary.

The company’s primary business activities include commercial lending, residential real estate financing, consumer loans and a full array of deposit products.