OLB Group, Inc. (NASDAQ:OLB – Get Free Report)’s share price fell 3.1% on Thursday . The stock traded as low as $0.60 and last traded at $0.6047. 78,716 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 55,597 shares. The stock had previously closed at $0.6239.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OLB Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on OLB
OLB Group Price Performance
OLB Group (NASDAQ:OLB – Get Free Report) last issued its earnings results on Friday, November 14th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $2.31 million during the quarter. OLB Group had a negative return on equity of 208.53% and a negative net margin of 92.68%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of OLB Group in the 3rd quarter valued at approximately $38,000. Avalon Trust Co grew its holdings in shares of OLB Group by 100.0% in the 3rd quarter. Avalon Trust Co now owns 72,100 shares of the company’s stock valued at $84,000 after buying an additional 36,050 shares during the period. Finally, PFG Investments LLC bought a new stake in shares of OLB Group in the 2nd quarter valued at $449,000. Institutional investors and hedge funds own 3.84% of the company’s stock.
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.
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