Reliance Global Group (NASDAQ:RELI) Rating Increased to Hold at Wall Street Zen

Reliance Global Group (NASDAQ:RELI) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

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

Reliance Global Group Stock Performance

Shares of NASDAQ:RELI opened at $0.65 on Friday. The stock’s fifty day simple moving average is $0.78 and its two-hundred day simple moving average is $1.09. Reliance Global Group has a 1-year low of $0.56 and a 1-year high of $5.11.

Reliance Global Group (NASDAQ:RELI) last announced its 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 is an externally managed business development company that provides debt and equity financing to middle-market companies and real estate ventures. The firm offers customized capital solutions including senior secured loans, subordinated debt, mezzanine financing and equity co-investments. By focusing on businesses and projects that may be underserved by traditional lenders, Reliance Global Group seeks to support client growth and generate attractive risk-adjusted returns for its investors.

The company’s investment strategy spans a diverse array of industries, with a particular focus on commercial real estate, healthcare, technology, consumer products and specialty finance.