The OLB Group (NASDAQ:OLB) Trading 18.2% Higher

The OLB Group, Inc. (NASDAQ:OLB) traded up 18.2% during trading on Thursday . The stock traded as high as $2.86 and last traded at $2.60. 23,946 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 18,504 shares. The stock had previously closed at $2.20.

The OLB Group Price Performance

The company has a market capitalization of $4.66 million, a price-to-earnings ratio of -0.55 and a beta of 2.35. The business has a fifty day moving average price of $2.58 and a 200 day moving average price of $4.39.

The OLB Group (NASDAQ:OLB) last released its earnings results on Wednesday, August 14th. The company reported ($1.49) EPS for the quarter. The company had revenue of $3.52 million for the quarter. The OLB Group had a negative net margin of 110.49% and a negative return on equity of 161.91%.

Hedge Funds Weigh In On The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. Cerity Partners LLC bought a new stake in The OLB Group, Inc. (NASDAQ:OLB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned 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.