Reliance Global Group (NASDAQ:RELI) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Reliance Global Group (NASDAQ:RELI) from a sell rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reliance Global Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Reliance Global Group Stock Performance

RELI stock opened at $0.64 on Friday. Reliance Global Group has a 52-week low of $0.61 and a 52-week high of $5.11. The stock’s fifty day simple moving average is $0.87 and its 200-day simple moving average is $1.16.

Reliance Global Group (NASDAQ:RELI) last released its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $5.25 million during the quarter.

Reliance Global Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, October 30th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, October 30th.

Reliance Global Group Company Profile

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.