The OLB Group, Inc. (NASDAQ:OLB – Get Free Report) was down 5.5% during mid-day trading on Wednesday . The company traded as low as $2.12 and last traded at $2.22. Approximately 69,248 shares traded hands during trading, an increase of 252% from the average daily volume of 19,645 shares. The stock had previously closed at $2.35.
The OLB Group Stock Performance
The firm has a market cap of $3.99 million, a P/E ratio of -0.37 and a beta of 2.35. The stock’s 50-day moving average is $2.35 and its 200 day moving average is $2.90.
The OLB Group (NASDAQ:OLB – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($1.49) earnings per share (EPS) for the quarter. The OLB Group had a negative net margin of 110.49% and a negative return on equity of 161.91%. The business had revenue of $3.52 million during the quarter.
About The OLB Group
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.
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