The OLB Group (NASDAQ:OLB) Shares Set to Reverse Split on Monday, May 6th

The OLB Group, Inc. (NASDAQ:OLB) shares are scheduled to reverse split on the morning of Monday, May 6th. The 1-10 reverse split was announced on Monday, May 6th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, May 6th.

The OLB Group Stock Performance

Shares of OLB stock opened at $0.47 on Friday. The OLB Group has a 12 month low of $0.28 and a 12 month high of $1.17. 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 firm has a market capitalization of $8.50 million, a price-to-earnings ratio of -0.73 and a beta of 2.49. The business’s 50-day moving average price is $0.57 and its 200-day moving average price is $0.70.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The OLB Group stock. Cerity Partners LLC purchased a new position in The OLB Group, Inc. (NASDAQ:OLB) during the fourth quarter, according to the company in its most recent disclosure 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 0.33% of The OLB Group at the end of the most recent quarter. 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.