OLB Group (OLB) Projected to Release Quarterly Earnings on Thursday

OLB Group (NASDAQ:OLB) will likely be releasing its results before the market opens on Thursday, August 13th. Analysts expect the company to post earnings of ($0.09) per share and revenue of $2.10 million for the quarter.

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

OLB Group Trading Up 1.2%

OLB Group stock opened at $0.31 on Tuesday. OLB Group has a 1-year low of $0.27 and a 1-year high of $1.80. The firm’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $0.48. The company has a market capitalization of $4.54 million, a P/E ratio of -0.36 and a beta of 2.05.

Analyst Ratings Changes

A number of research firms have issued reports on OLB. Wall Street Zen raised OLB Group to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of OLB Group in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OLB Group currently has an average rating of “Sell”.

Institutional Trading of OLB Group

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 about 0.37% of OLB Group at the end of the most recent reporting period. 3.84% of the stock is currently owned by institutional investors and hedge funds.

OLB Group Company Profile

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.