OLB Group (NASDAQ:OLB – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01, Zacks reports. OLB Group had a negative net margin of 73.19% and a negative return on equity of 96.26%.
OLB Group Trading Down 4.6%
OLB stock traded down $0.01 during midday trading on Friday, hitting $0.30. The stock had a trading volume of 1,884,452 shares, compared to its average volume of 3,801,659. The firm has a market cap of $4.37 million, a P/E ratio of -0.34 and a beta of 2.05. OLB Group has a 1-year low of $0.27 and a 1-year high of $1.80. The business has a fifty day moving average price of $0.36 and a two-hundred day moving average price of $0.48.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on OLB shares. Wall Street Zen upgraded OLB Group to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of OLB Group in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OLB Group presently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in OLB Group stock. Citadel Advisors LLC bought a new position in OLB Group, Inc. (NASDAQ:OLB – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned approximately 0.37% of OLB Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.84% of the company’s stock.
OLB Group Company Profile
The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers. www.olb.com and www.olb.com/investors-data.
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