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

The OLB Group, Inc. (NASDAQ:OLB) shares are going to reverse split on 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 closing bell on Monday, May 6th.

The OLB Group Stock Down 4.0 %

Shares of NASDAQ:OLB opened at $0.47 on Friday. The company has a market capitalization of $8.50 million, a PE ratio of -0.73 and a beta of 2.49. The OLB Group has a 52-week low of $0.28 and a 52-week high of $1.17. The company has a fifty day moving average of $0.57 and a 200-day moving average of $0.70. 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 OLB Group (NASDAQ:OLB) last posted its quarterly earnings data on Monday, April 15th. The company reported ($0.31) earnings per share for the quarter. The OLB Group had a negative net margin of 75.81% and a negative return on equity of 87.04%. The company had revenue of $5.91 million during the quarter.

Hedge Funds 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) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned about 0.33% of The OLB Group as of its most recent filing with the SEC. 3.84% of the stock is currently 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.