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

The OLB Group, Inc. (NASDAQ:OLB) shares are set 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 Performance

NASDAQ OLB opened at $0.47 on Friday. The company’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.70. The OLB Group has a 52-week low of $0.28 and a 52-week high of $1.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.25 and a quick ratio of 0.25. 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 OLB Group (NASDAQ:OLB) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.31) earnings per share (EPS) for the quarter. The firm had revenue of $5.91 million for the quarter. The OLB Group had a negative net margin of 75.81% and a negative return on equity of 87.04%.

Hedge Funds Weigh In On The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. Cerity Partners LLC bought a new position in shares of The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 Securities & Exchange Commission. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.