The OLB Group (NASDAQ:OLB) Shares Up 5%

The OLB Group, Inc. (NASDAQ:OLB) shot up 5% on Tuesday . The company traded as high as $0.33 and last traded at $0.33. 374,501 shares changed hands during mid-day trading, an increase of 226% from the average session volume of 114,984 shares. The stock had previously closed at $0.31.

The OLB Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $5.45 million, a P/E ratio of -0.47 and a beta of 2.46. The business’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.71.

The OLB Group (NASDAQ:OLB) last issued its quarterly earnings data on Monday, April 15th. The company reported ($0.31) earnings per share (EPS) for the quarter. The OLB Group had a negative net margin of 75.81% and a negative return on equity of 87.04%. The business had revenue of $5.91 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The OLB Group stock. Cerity Partners LLC purchased a new position in The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned approximately 0.33% of The OLB Group as of its most recent SEC filing. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.