Wall Street Zen Downgrades Reliance Global Group (NASDAQ:RELI) to Sell

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reliance Global Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Reliance Global Group presently has a consensus rating of “Sell”.

Reliance Global Group Stock Performance

Shares of RELI stock opened at $0.54 on Friday. Reliance Global Group has a fifty-two week low of $0.50 and a fifty-two week high of $3.55. The stock’s fifty day moving average is $0.71 and its two-hundred day moving average is $1.02.

Reliance Global Group (NASDAQ:RELI) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $5.25 million for the quarter.

Reliance Global Group Company Profile

Reliance Global Group, Inc is an externally managed business development company that provides debt and equity financing to middle-market companies and real estate ventures. The firm offers customized capital solutions including senior secured loans, subordinated debt, mezzanine financing and equity co-investments. By focusing on businesses and projects that may be underserved by traditional lenders, Reliance Global Group seeks to support client growth and generate attractive risk-adjusted returns for its investors.

The company’s investment strategy spans a diverse array of industries, with a particular focus on commercial real estate, healthcare, technology, consumer products and specialty finance.