The OLB Group (NASDAQ:OLB) Trading 11.9% Higher

The OLB Group, Inc. (NASDAQ:OLB)’s share price was up 11.9% during trading on Monday . The company traded as high as $2.93 and last traded at $2.92. Approximately 19,584 shares traded hands during trading, a decline of 13% from the average daily volume of 22,581 shares. The stock had previously closed at $2.61.

The OLB Group Stock Performance

The stock has a market cap of $5.26 million, a PE ratio of -0.60 and a beta of 2.38. The business has a 50-day moving average of $3.80 and a 200 day moving average of $6.22.

The OLB Group (NASDAQ:OLB) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.14) EPS for the quarter. The company had revenue of $3.50 million for the quarter. The OLB Group had a negative return on equity of 107.48% and a negative net margin of 83.56%.

Institutional Trading of The OLB Group

An institutional investor recently bought a new position in The OLB Group stock. Cerity Partners LLC purchased a new stake in The OLB Group, Inc. (NASDAQ:OLB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned 0.33% of The OLB Group at the end of the most recent reporting period. 3.84% of the stock is owned by hedge funds and other institutional investors.

The 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.