OLB Group (NASDAQ:OLB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of OLB Group (NASDAQ:OLB) to a sell rating in a research note issued to investors on Saturday.

OLB Group Trading Up 10.3%

Shares of OLB stock opened at $0.54 on Friday. OLB Group has a 1 year low of $0.31 and a 1 year high of $2.50. The firm’s fifty day simple moving average is $0.59 and its 200 day simple moving average is $0.78. The firm has a market capitalization of $6.75 million, a P/E ratio of -0.15 and a beta of 2.05.

Hedge Funds Weigh In On OLB Group

A hedge fund recently raised its stake in OLB Group stock. Avalon Trust Co increased its stake in shares of OLB Group, Inc. (NASDAQ:OLB) by 100.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,100 shares of the company’s stock after acquiring an additional 36,050 shares during the quarter. Avalon Trust Co owned about 0.82% of OLB Group worth $84,000 at the end of the most recent reporting period. 3.84% of the stock is owned by hedge funds and other institutional investors.

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. www.olb.com and www.olb.com/investors-data.