Citizens (NASDAQ:CIZN) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Citizens Holding (NASDAQ:CIZN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.11 and traded as low as $7.04. Citizens shares last traded at $7.10, with a volume of 3,300 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Citizens in a report on Friday. They issued a “sell” rating for the company.

Citizens Price Performance

The stock has a market capitalization of $40.02 million, a PE ratio of 7.24 and a beta of 0.02. The firm’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $9.11.

Citizens Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were issued a $0.16 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 9.01%. Citizens’s dividend payout ratio is currently 8.16%.

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.