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Avidbank (OTCMKTS:AVBH) Stock Price Down 0.7% - Time to Sell?

Avidbank logo with Finance background

Avidbank Holdings Inc. (OTCMKTS:AVBH - Get Free Report)'s stock price dropped 0.7% on Wednesday . The company traded as low as $19.92 and last traded at $19.95. Approximately 1,189 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 2,425 shares. The stock had previously closed at $20.10.

Avidbank Stock Performance

The stock has a 50-day moving average of $20.49 and a two-hundred day moving average of $21.66. The company has a market cap of $158.03 million, a P/E ratio of 7.18 and a beta of 0.52.

Avidbank (OTCMKTS:AVBH - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The firm had revenue of $20.52 million during the quarter, compared to the consensus estimate of $20.89 million. As a group, sell-side analysts forecast that Avidbank Holdings Inc. will post 2.71 EPS for the current fiscal year.

Avidbank Company Profile

(Get Free Report)

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties. The company offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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