The OLB Group (NASDAQ:OLB) Stock Price Up 2% – Time to Buy?

The OLB Group, Inc. (NASDAQ:OLB)’s share price rose 2% during mid-day trading on Tuesday . The company traded as high as $1.35 and last traded at $1.29. Approximately 113,377 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 492,488 shares. The stock had previously closed at $1.26.

The OLB Group Stock Performance

The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $1.24 and its 200 day moving average is $1.57. The company has a market cap of $3.04 million, a PE ratio of -0.23 and a beta of 2.07.

The OLB Group (NASDAQ:OLB) last released its quarterly earnings results on Tuesday, April 15th. The company reported ($2.30) earnings per share for the quarter. The OLB Group had a negative return on equity of 258.34% and a negative net margin of 155.02%. The company had revenue of $2.74 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The OLB Group stock. Citadel Advisors LLC acquired a new position in shares of The OLB Group, Inc. (NASDAQ:OLB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,608 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.82% of The OLB Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 3.84% of the company’s stock.

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.