OLB Group (OLB) Set to Release Quarterly Earnings on Thursday

OLB Group (NASDAQ:OLB) is expected to be posting 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 released its quarterly earnings data on Friday, August 14th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.28 million for 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 Price Performance

Shares of OLB opened at $0.19 on Thursday. The firm has a market capitalization of $4.56 million, a PE ratio of -0.65 and a beta of 2.08. The company’s 50-day moving average is $0.30 and its 200-day moving average is $0.43. OLB Group has a fifty-two week low of $0.16 and a fifty-two week high of $1.80.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OLB Group in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, OLB Group has an average rating of “Sell”.

About OLB Group

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.