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

The OLB Group (NASDAQ:OLB) released its quarterly earnings data 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 Stock Performance

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

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.