Old Market Capital (NASDAQ:OMCC) Trading Up 8.4% – Should You Buy?

Old Market Capital Corporation (NASDAQ:OMCC)’s share price shot up 8.4% on Friday . The stock traded as high as $4.50 and last traded at $4.50. Approximately 2,407 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 10,865 shares. The stock had previously closed at $4.15.

Old Market Capital Price Performance

The company has a 50 day moving average of $4.24 and a two-hundred day moving average of $4.30. The firm has a market cap of $31.09 million, a P/E ratio of -14.52 and a beta of 0.83. The company has a quick ratio of 4.31, a current ratio of 4.55 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Old Market Capital

Hedge funds have recently made changes to their positions in the business. Diversify Advisory Services LLC acquired a new stake in Old Market Capital during the second quarter valued at approximately $203,000. Northwestern Mutual Wealth Management Co. bought a new stake in Old Market Capital during the second quarter worth approximately $201,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Old Market Capital in the second quarter worth approximately $210,000. GSA Capital Partners LLP bought a new position in shares of Old Market Capital in the second quarter valued at $263,000. Finally, Shepherd Financial Partners LLC bought a new position in shares of Old Market Capital in the second quarter valued at $270,000. Institutional investors and hedge funds 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.