Old Market Capital (NASDAQ:OMCC) Trading Down 1.2% – Here’s What Happened

Old Market Capital Corporation (NASDAQ:OMCC)’s stock price dropped 1.2% on Thursday . The stock traded as low as $4.15 and last traded at $4.15. Approximately 2,592 shares changed hands during trading, a decline of 78% from the average daily volume of 11,698 shares. The stock had previously closed at $4.20.

Old Market Capital Trading Down 1.2%

The company has a market capitalization of $28.67 million, a price-to-earnings ratio of -13.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.31 and a current ratio of 4.55. The business’s 50-day simple moving average is $4.24 and its 200-day simple moving average is $4.23.

Institutional Trading of Old Market Capital

An institutional investor recently raised its stake in Old Market Capital stock. Sandia Investment Management LP grew its stake in Old Market Capital Corporation (NASDAQ:OMCC) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,491 shares of the company’s stock after purchasing an additional 4,649 shares during the quarter. Sandia Investment Management LP owned about 0.60% of Old Market Capital worth $210,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.87% of the company’s stock.

About Old Market Capital

Old Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio. The company was formerly known as Nicholas Financial, Inc and changed its name to Old Market Capital Corporation in September 2024. Old Market Capital Corporation was founded in 1985 and is headquartered in Clearwater, Florida.