OLB Group (NASDAQ:OLB) Stock Price Down 0.7% – Time to Sell?

Shares of OLB Group, Inc. (NASDAQ:OLB) were down 0.7% on Thursday . The company traded as low as $0.3974 and last traded at $0.3974. 291,296 shares were traded during mid-day trading, an increase of 15% from the average session volume of 252,868 shares. The stock had previously closed at $0.4001.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OLB. Weiss Ratings restated a “sell (e+)” rating on shares of OLB Group in a report on Wednesday, May 6th. Wall Street Zen upgraded OLB Group to a “sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, OLB Group currently has a consensus rating of “Sell”.

OLB Group Price Performance

The business has a 50 day moving average price of $0.46 and a 200 day moving average price of $0.61. The firm has a market capitalization of $5.83 million, a P/E ratio of -0.46 and a beta of 2.02.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in OLB Group stock. Citadel Advisors LLC acquired a new position in shares of OLB Group, Inc. (NASDAQ:OLB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 and hedge funds.

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.