Oconee Federal Financial (NASDAQ:OFED) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Oconee Federal Financial Corp. (NASDAQ:OFED) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.71 and traded as low as $12.65. Oconee Federal Financial shares last traded at $12.75, with a volume of 1,003 shares changing hands.

Oconee Federal Financial Price Performance

The company has a fifty day moving average price of $12.71 and a two-hundred day moving average price of $13.17. The company has a market capitalization of $74.46 million, a P/E ratio of 9.88 and a beta of 0.27.

Oconee Federal Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 3.14%. Oconee Federal Financial’s dividend payout ratio (DPR) is currently 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.