OLB Group (NASDAQ:OLB – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.13) earnings per share for the quarter, FiscalAI reports. OLB Group had a negative return on equity of 202.36% and a negative net margin of 90.18%.The business had revenue of $2.31 million during the quarter.
OLB Group Stock Performance
Shares of OLB Group stock opened at $0.97 on Friday. The stock has a market cap of $8.53 million, a price-to-earnings ratio of -0.27 and a beta of 2.11. The stock has a 50 day moving average price of $1.24 and a 200-day moving average price of $1.46. OLB Group has a one year low of $0.95 and a one year high of $2.50.
Analysts Set New Price Targets
OLB has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of OLB Group from a “sell” rating to a “hold” rating in a research note on Monday, August 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of OLB Group in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Institutional Investors Weigh In On OLB Group
A hedge fund recently bought a new stake in OLB Group stock. PFG Investments LLC purchased a new stake in OLB Group, Inc. (NASDAQ:OLB – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 240,000 shares of the company’s stock, valued at approximately $449,000. PFG Investments LLC owned 8.54% of OLB Group as of its most recent filing with the Securities and Exchange Commission (SEC). 3.84% of the stock is currently owned by institutional investors.
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.
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