Reliance Global Group (NASDAQ:RELI) Stock Rating Lowered by Wall Street Zen

Reliance Global Group (NASDAQ:RELI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reliance Global Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Reliance Global Group Stock Down 1.5%

RELI opened at $0.73 on Friday. The company has a fifty day moving average price of $0.84 and a two-hundred day moving average price of $1.13. Reliance Global Group has a 1-year low of $0.61 and a 1-year high of $5.11.

Reliance Global Group (NASDAQ:RELI) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $5.25 million during the quarter.

About Reliance Global Group

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.