OLB Group (NASDAQ:OLB) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

OLB Group (NASDAQ:OLB) released its quarterly earnings data on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01, Zacks reports. The business had revenue of $1.28 million during the quarter, compared to analysts’ expectations of $2.10 million. OLB Group had a negative net margin of 73.19% and a negative return on equity of 96.26%.

OLB Group Price Performance

OLB opened at $0.30 on Friday. The firm has a market capitalization of $7.16 million, a price-to-earnings ratio of -0.34 and a beta of 2.05. The company’s 50 day moving average price is $0.36 and its two-hundred day moving average price is $0.47. OLB Group has a fifty-two week low of $0.27 and a fifty-two week high of $1.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OLB Group stock. Citadel Advisors LLC bought a new position in shares of OLB Group, Inc. (NASDAQ:OLB) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.37% of OLB Group at the end of the most recent quarter. Hedge funds and other institutional investors own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on OLB. Wall Street Zen raised shares of OLB Group to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of OLB Group in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About OLB Group

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.