OLB Group (OLB) Expected to Announce Quarterly Earnings on Thursday

OLB Group (NASDAQ:OLB) is anticipated to post its resultson Thursday, November 12th. Analysts expect OLB Group to post earnings of ($0.10) per share and revenue of $2.40 million for the quarter.

OLB Group (NASDAQ:OLB) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $1.28 million during the quarter, compared to the consensus estimate of $2.10 million. OLB Group had a negative net margin of 68.26% and a negative return on equity of 76.38%.

OLB Group Trading Down 3.8%

Shares of OLB stock opened at $0.18 on Tuesday. The firm has a fifty day simple moving average of $0.29 and a two-hundred day simple moving average of $0.42. OLB Group has a 12 month low of $0.16 and a 12 month high of $1.80. The firm has a market capitalization of $4.23 million, a PE ratio of -0.61 and a beta of 2.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OLB Group in a report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

OLB Group Company Profile

The OLB Group, Inc is a financial technology company that provides payment processing and merchant services to small and midsized businesses. Its solutions are designed to help merchants accept and manage transactions across in-store, online and mobile channels.

The company’s offerings include point-of-sale systems, e-commerce payment tools, mobile payment acceptance and integrated business-management services. Through its merchant-services platform, OLB supports functions such as transaction processing, payment security and merchant account management.

OLB has historically focused primarily on the U.S.