OLB Group (OLB) to Release Earnings on Thursday

OLB Group (NASDAQ:OLB) is expected to be announcing its results before the market opens on Thursday, August 13th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $2.10 million for the quarter.

OLB Group (NASDAQ:OLB) last issued its earnings results on Friday, May 15th. The company reported ($0.08) EPS for the quarter. The business had revenue of $1.66 million during the quarter. OLB Group had a negative net margin of 73.19% and a negative return on equity of 96.26%.

OLB Group Trading Down 0.6%

OLB opened at $0.31 on Wednesday. The firm has a market capitalization of $4.51 million, a PE ratio of -0.35 and a beta of 2.05. OLB Group has a twelve month low of $0.27 and a twelve month high of $1.80. The firm’s 50-day moving average price is $0.37 and its 200 day moving average price is $0.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OLB Group stock. Citadel Advisors LLC purchased a new stake in OLB Group, Inc. (NASDAQ:OLB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.37% of OLB Group as of its most recent filing with the SEC. Institutional investors own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

OLB has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of OLB Group to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings restated 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.