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

The OLB Group, Inc. (NASDAQ:OLB)’s stock is set to reverse split before the market opens 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 market closes on Monday, May 6th.

The OLB Group Stock Down 4.0 %

OLB opened at $0.47 on Friday. The business has a 50 day moving average of $0.57 and a 200-day moving average of $0.70. 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 stock has a market capitalization of $8.50 million, a price-to-earnings ratio of -0.73 and a beta of 2.49. The OLB Group has a 1-year low of $0.28 and a 1-year high of $1.17.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The OLB Group stock. PNC Financial Services Group Inc. bought a new stake in The OLB Group, Inc. (NASDAQ:OLB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $73,000. PNC Financial Services Group Inc. owned approximately 0.66% of The OLB Group at the end of the most recent quarter. 3.84% of the stock is currently owned by 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.