The OLB Group (NASDAQ:OLB) Releases Quarterly Earnings Results

The OLB Group (NASDAQ:OLB) posted its earnings results on Tuesday. The company reported ($2.30) EPS for the quarter, Zacks reports. The OLB Group had a negative net margin of 155.02% and a negative return on equity of 258.34%.

The OLB Group Price Performance

Shares of The OLB Group stock traded down $0.05 on Tuesday, reaching $1.05. The company’s stock had a trading volume of 11,772 shares, compared to its average volume of 37,781. The OLB Group has a 52-week low of $1.00 and a 52-week high of $7.70. The company has a market capitalization of $2.26 million, a P/E ratio of -0.19 and a beta of 2.11. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $1.25 and a 200-day moving average price of $1.69.

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.