OLB Group (NASDAQ:OLB) Receives “Sell (E+)” Rating from Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of OLB Group (NASDAQ:OLB) in a research note published on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of OLB Group from a “sell” rating to a “hold” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

OLB Group Stock Down 2.7%

Shares of NASDAQ:OLB opened at $1.46 on Tuesday. The company has a market capitalization of $12.80 million, a price-to-earnings ratio of -0.34 and a beta of 2.07. OLB Group has a 52 week low of $0.95 and a 52 week high of $2.77. The firm has a 50 day moving average of $1.29 and a 200 day moving average of $1.47.

OLB Group (NASDAQ:OLB) last issued its quarterly earnings data on Tuesday, August 19th. The company reported ($0.66) EPS for the quarter. The business had revenue of $2.27 million during the quarter. OLB Group had a negative return on equity of 202.36% and a negative net margin of 90.18%.

Institutional Investors Weigh In On OLB Group

An institutional investor recently bought a new position in OLB Group stock. PFG Investments LLC acquired a new stake in shares of OLB Group, Inc. (NASDAQ:OLB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 240,000 shares of the company’s stock, valued at approximately $449,000. PFG Investments LLC owned about 8.54% 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.