Reliance Global Group (NASDAQ:RELI) Downgraded by Wall Street Zen to Sell

Reliance Global Group (NASDAQ:RELI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

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

Reliance Global Group Stock Down 1.5%

Reliance Global Group stock opened at $0.73 on Friday. Reliance Global Group has a 12 month low of $0.61 and a 12 month high of $5.11. The company has a fifty day moving average price of $0.84 and a two-hundred day moving average price of $1.13.

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

About Reliance Global Group

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.