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

OLB Group (NASDAQ:OLB) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

OLB Group Trading Up 2.3%

Shares of NASDAQ OLB opened at $0.49 on Friday. The company has a market cap of $6.12 million, a price-to-earnings ratio of -0.14 and a beta of 2.05. OLB Group has a 12 month low of $0.31 and a 12 month high of $2.50. The stock has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.79.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in OLB Group stock. Avalon Trust Co grew its holdings in shares of OLB Group, Inc. (NASDAQ:OLB) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,100 shares of the company’s stock after acquiring an additional 36,050 shares during the quarter. Avalon Trust Co owned 0.82% of OLB Group worth $84,000 at the end of the most recent quarter. Institutional investors own 3.84% of the company’s stock.

About OLB Group

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. www.olb.com and www.olb.com/investors-data.