The OLB Group (NASDAQ:OLB) Stock Price Up 5%

The OLB Group, Inc. (NASDAQ:OLB) traded up 5% during trading on Tuesday . The stock traded as high as $0.33 and last traded at $0.33. 374,501 shares changed hands during mid-day trading, an increase of 226% from the average session volume of 114,984 shares. The stock had previously closed at $0.31.

The OLB Group Price Performance

The company has a 50 day moving average price of $0.62 and a 200 day moving average price of $0.71. The company has a market capitalization of $5.92 million, a price-to-earnings ratio of -0.51 and a beta of 2.46. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. Cerity Partners LLC purchased a new stake in The OLB Group, Inc. (NASDAQ:OLB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned approximately 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.

The 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.