Reliance Global Group (NASDAQ:RELI) Releases Quarterly Earnings Results

Reliance Global Group (NASDAQ:RELI) posted its quarterly earnings results on Thursday. The company reported ($0.20) earnings per share for the quarter, FiscalAI reports. The company had revenue of $5.25 million during the quarter.

Reliance Global Group Price Performance

Shares of Reliance Global Group stock traded down $0.03 on Thursday, hitting $0.88. The company’s stock had a trading volume of 238,136 shares, compared to its average volume of 1,870,504. Reliance Global Group has a 52-week low of $0.67 and a 52-week high of $5.11. The firm has a fifty day moving average price of $0.90 and a 200-day moving average price of $1.19.

Reliance Global Group Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, October 30th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 30th.

Analyst Upgrades and Downgrades

RELI has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Reliance Global Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Reliance Global Group to a “sell” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Reliance Global Group presently has an average rating of “Sell”.

Reliance Global Group Company Profile

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.