OLB Group (NASDAQ:OLB – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.77 million for the quarter. OLB Group had a negative return on equity of 208.53% and a negative net margin of 92.68%.
OLB Group Stock Down 2.4%
Shares of NASDAQ OLB traded down $0.01 during trading on Wednesday, hitting $0.48. The company had a trading volume of 84,674 shares, compared to its average volume of 8,851,643. The stock has a fifty day simple moving average of $0.61 and a two-hundred day simple moving average of $0.89. OLB Group has a fifty-two week low of $0.31 and a fifty-two week high of $2.50. The firm has a market capitalization of $5.45 million, a price-to-earnings ratio of -0.14 and a beta of 2.00.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OLB Group in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OLB Group presently has a consensus rating of “Sell”.
Institutional Trading of OLB Group
A hedge fund recently raised its stake in OLB Group stock. Avalon Trust Co raised its stake in OLB Group, Inc. (NASDAQ:OLB – Free Report) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,100 shares of the company’s stock after buying an additional 36,050 shares during the quarter. Avalon Trust Co owned approximately 0.82% of OLB Group worth $84,000 at the end of the most recent quarter. 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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