The OLB Group (NASDAQ:OLB) Issues Earnings Results

The OLB Group (NASDAQ:OLB) released its quarterly earnings results on Tuesday. The company reported ($2.30) EPS for the quarter, Zacks reports. The OLB Group had a negative return on equity of 258.34% and a negative net margin of 155.02%.

The OLB Group Stock Down 4.5 %

Shares of NASDAQ:OLB opened at $1.05 on Wednesday. The OLB Group has a 1-year low of $1.00 and a 1-year high of $7.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $2.26 million, a P/E ratio of -0.19 and a beta of 2.11. The firm has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.68.

About The 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.