Reliance Global Group (NASDAQ:RELI) Rating Increased to Hold at Wall Street Zen

Reliance Global Group (NASDAQ:RELI) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reliance Global Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Reliance Global Group Trading Down 1.1%

Shares of NASDAQ:RELI opened at $0.64 on Friday. Reliance Global Group has a 52-week low of $0.61 and a 52-week high of $5.11. The firm has a fifty day moving average of $0.87 and a 200 day moving average of $1.16.

Reliance Global Group (NASDAQ:RELI) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $5.25 million during the quarter.

About Reliance Global Group

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.