OLB Group (NASDAQ:OLB) Downgraded to Sell Rating by Wall Street Zen

OLB Group (NASDAQ:OLB) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Friday.

OLB Group Stock Down 6.5%

OLB opened at $1.58 on Friday. The stock has a fifty day moving average of $1.74 and a 200-day moving average of $1.51. The firm has a market capitalization of $4.44 million, a P/E ratio of -0.31 and a beta of 2.13. OLB Group has a 12-month low of $1.00 and a 12-month high of $3.27.

OLB Group (NASDAQ:OLB) last released its earnings results on Thursday, May 15th. The company reported ($0.47) earnings per share (EPS) for the quarter. The business had revenue of $2.32 million during the quarter. OLB Group had a negative net margin of 84.98% and a negative return on equity of 194.05%.

Institutional Trading of OLB Group

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