Wall Street Zen Upgrades OLB Group (NASDAQ:OLB) to Sell

OLB Group (NASDAQ:OLB) was upgraded by Wall Street Zen to a “sell” rating in a research report issued on Saturday.

OLB Group Stock Performance

Shares of OLB stock opened at $0.49 on Friday. OLB Group has a one year low of $0.31 and a one year high of $2.50. The company’s 50-day simple moving average is $0.59 and its 200-day simple moving average is $0.79. The stock has a market capitalization of $6.12 million, a price-to-earnings ratio of -0.14 and a beta of 2.05.

Hedge Funds Weigh In On OLB Group

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