Reliance Global Group (NASDAQ:RELI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Reliance Global Group (NASDAQ:RELI) from a hold rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reliance Global Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Reliance Global Group Trading Down 2.6%

RELI opened at $0.71 on Friday. The firm’s fifty day moving average is $0.84 and its two-hundred day moving average is $1.13. Reliance Global Group has a twelve month low of $0.61 and a twelve month high of $5.11.

Reliance Global Group (NASDAQ:RELI) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) EPS for the quarter. The company had revenue of $5.25 million during the quarter.

Reliance Global Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, December 2nd. Investors of record on Thursday, October 30th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, October 30th.

About Reliance Global Group

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.