The OLB Group (NASDAQ:OLB) Stock Price Up 5%

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

The OLB Group Price Performance

The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.71. The stock has a market cap of $5.92 million, a price-to-earnings ratio of -0.51 and a beta of 2.46.

Institutional Investors Weigh In On The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. Cerity Partners LLC acquired a new stake in The OLB Group, Inc. (NASDAQ:OLB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.