The OLB Group (NASDAQ:OLB) Shares to Reverse Split on Monday, May 6th

The OLB Group, Inc. (NASDAQ:OLB)’s stock is set to reverse split on Monday, May 6th. The 1-10 reverse split was announced on Monday, May 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 6th.

The OLB Group Stock Down 4.0 %

OLB stock opened at $0.47 on Friday. The stock has a market cap of $8.50 million, a P/E ratio of -0.73 and a beta of 2.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $0.57 and its two-hundred day simple moving average is $0.70. The OLB Group has a 1-year low of $0.28 and a 1-year high of $1.17.

The OLB Group (NASDAQ:OLB) last announced its quarterly earnings data on Monday, April 15th. The company reported ($0.31) earnings per share for the quarter. The firm had revenue of $5.91 million during the quarter. The OLB Group had a negative return on equity of 87.04% and a negative net margin of 75.81%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The OLB Group stock. Cerity Partners LLC purchased a new stake in shares of The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned 0.33% of The OLB Group at the end of the most recent reporting period. 3.84% of the stock is currently owned by institutional investors.

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.