OLB Group (NASDAQ:OLB) Announces Earnings Results, Beats Expectations By $0.01 EPS

OLB Group (NASDAQ:OLB) posted its quarterly earnings results on Friday. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01, Zacks reports. OLB Group had a negative net margin of 73.19% and a negative return on equity of 96.26%.

OLB Group Price Performance

OLB Group stock traded down $0.01 during midday trading on Friday, hitting $0.30. 1,884,452 shares of the company were exchanged, compared to its average volume of 3,801,659. The company has a market cap of $4.37 million, a PE ratio of -0.34 and a beta of 2.05. OLB Group has a fifty-two week low of $0.27 and a fifty-two week high of $1.80. The company’s fifty day moving average price is $0.36 and its 200-day moving average price is $0.48.

Institutional Trading of OLB Group

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OLB shares. Wall Street Zen upgraded shares of OLB Group to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of OLB Group in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OLB Group presently has a consensus 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.